The strong support at 9800 can hardly conceal the weakness of the bulls.Before 10370 stands firm again, the main bearish thinking will not change.

The nature of each level: daily line - consolidation, 4 hours - down, 1 hour - down

The screenshot is from the OKEX BTC/USDT perpetual 2-hour chart: For the market, there are two angles, one is the objective trend status and the coping strategies formulated according to the objective trend, and the other is the subjective prediction based on experience . Actual trading is mainly based on coping strategies under objective trends. Subjective forecasting is more of a prospect or entertainment for future development. It cannot be used directly as a trading strategy. The main purpose is to prepare psychologically for potential risks and opportunities in advance .

The current objective trend and coping strategies: From the perspective of the trend structure, it is no different from yesterday. The medium and short-term decline pattern is still intact. Even the price is the same as when I wrote the evening review yesterday. Walk in place." The supporting role of the 9800 line is still there. In the past few days, the currency price has tested this price area 5 times and has not fallen below, which shows that this area has a relatively strong ability to undertake.

BTC broke through $9,800 for a short time: Huobi Global data shows that BTC has just broken through $9,800 for a short time, falling as low as $9,766.37, and is now at $9,810.5, an intraday increase of 3.07%. The market fluctuates greatly, please do a good job in risk control. [2020/5/8]

However, although the 9800 first-line support has played a role many times, judging from the subsequent rebound, the initiative of the bulls is not strong, and the trading volume continues to show a gradual shrinking trend, which means that they are tired of defense. In addition, the recent sharp adjustments in the international capital market have generally had a negative impact on market sentiment. It is still difficult to see a significant recovery in the short-term trend. The probability of continuing the weak pattern in the later period and hitting a new low since the adjustment is high.

It is recommended to continue to focus on the first-line resistance of 10370 in the future. Before the price is clearly broken, the short-seller-oriented operation idea remains unchanged. The lower support still pays attention to the 9300-9500 range. Once this area is touched and there is a stop signal (1-hour level Only when the chart appears), you can consider buying at a low price.

Quotes | BTC breaks through $9,800: According to data from Huobi Global, BTC has broken through $9,800 and is now at $9,809.73, an intraday increase of 1.78%. U.S. presidential candidate Michael Bloomberg today proposed "providing a clear regulatory framework for cryptocurrencies." [2020/2/19]

Subjective expectations (for entertainment only): It is estimated that 10370 will continue to play its resistance role, and it will be difficult to break through before reaching a new low. This paragraph is not intended as a trading strategy reference.

Resistance and support

Resistance: 10370--10700--10900

Support: 9800--9500--9300

Quotes | ZB (ZB) Early Quotes: BTC is now at $9,805.92: According to ZB (ZB) trading platform market data, as of 9:46 a.m. today, BTC is now at $9,805.92 (+2.24%), and ZB points are temporarily At $0.29 (+6.04%). According to CoinMarketCap, the total market capitalization of digital currencies is $277.9 billion. The total 24-hour transaction volume was $138.2 billion, and Bitcoin’s market value accounted for 64%. Among the top 100 digital currencies by market value in the world, 89 rose and 11 fell.

The mainstream asset prices are: ETH at $218.67 (+6.92%), XRP at $0.28 (+3.31%), EOS at $4.63 (+3.19%), and LTC at $74.35 (+3.34%). The top three digital currencies of ZB within 24 hours are: EOSDAC (+42.49%), SAFE (+33.29%), YTNB (+25.00%). [2020/2/7]

The screenshot is from the 2-hour chart of OKEX ETH/USDT perpetual contract: the current objective trend and coping strategies: ETH trend structure has not undergone substantial changes, and the short position remains intact. Now don't focus on the price's delay in falling, but on the point that the resistance level cannot be broken for a long time. In the short position, the resistance level is the main contradiction in the market.

Market | EOS rose by more than 4% in one hour, the highest rose to 3.8980 US dollars: data from Huobi Global Station shows that EOS continued to rise rapidly, with an increase of more than 4% in one hour, the highest rose to 3.8980 US dollars, and it is now reported at 3.8628 US dollars, the intraday increase 2.80%. The market fluctuates greatly, please do a good job in risk control. [2019/9/9]

Continue to focus on the first-line resistance of 368. You must know that a large number of chips are locked up at this price. Just imagine which main force is so kind to be a J Fangjun. Excessive expectations, the greater the expectations, the greater the disappointment.

Short-term support focuses on the 300-315 area. From the perspective of the MACD indicator, if the currency price hits a new low, then there is a high probability of forming a bottom divergence in the trend structure of the 2-hour chart. If it falls, the trading volume will be significantly lower than the previous few days. Shrinking, then the short-term trend is very easy to get out of the market of "break and then stand", so pay attention.

Subjective expectations (for entertainment only): It is expected that the price of the currency will continue to fluctuate and decline, and will usher in a short-term "break and then stand" market after approaching the 300 line. This paragraph is not intended as a trading strategy reference.

Resistance: 360--368--392

Support: 332--315--300

The nature of each level: daily line - rising, 4 hours - falling, 1 hour - falling

Screenshot from OKEX COMP/USDT 2-hour chart: current objective trend and coping strategies: Obviously, judging from the overall trend of the recent DEFI concept, the popularity of the secondary market has been significantly reduced, and it has "sinked" together with mainstream currencies. LINK is still The past glory has not been seen.

Judging from the current trend structure, the medium-term trend has entered a short-term pattern since the break of $13. This level of trend has a long period of formation, and once broken, it is difficult to be reversed again in a short time. Obviously, the rebound of the currency price in recent days has been frequently blocked around 13, so it can be regarded as the short-to-medium-term strength and weakness dividing line. Don’t be bullish easily if there is no breakthrough for a moment. Of course, wait for the support level to buy at a low level. is allowed. The position below that is likely to trigger a price rebound can first focus on the vicinity of 11, but the strength of this resistance is relatively weak, and the expectation of triggering a strong rebound is low. In contrast, the support around $9 tested a few days ago has more reference value. If you test around this price later, there is a high probability that it will usher in a stronger rebound trend again.

Subjective expectations (for entertainment only): It is estimated that the first-line strength and weakness dividing line of 13 US dollars will be difficult to break in the short term, and the probability of the currency price continuing to fluctuate and decline in the later period to test the position near 9 US dollars is too high. This paragraph is not intended as a trading strategy reference.

Resistance: 13.00--14.00--14.70

Support: 11.00--10.00--9.00

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