The mid-term decline will not end easily.If you see Changyang, don’t blindly chase the rise

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

The screenshot is from the OKEX BTC/USDT perpetual 4-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: last night, the currency price once again briefly broke through the resistance of 10370, but the good times did not last long. The highest reached around 10500 and then fell back below 10370, forming a false breakthrough.

Head of interest rate strategy at TD Securities: The market is wrong to expect the Fed to raise interest rates in mid-2022: On November 17, Priya Misra, global head of interest rate strategy at TD Securities, said that the bond market misunderstood the Fed. The short end of the curve, even in the middle of 2022, reflects the possibility of Fed rate hikes. “The market is pricing in an expectation that the Fed will raise rates as soon as the tapering ends,” Misra said in an interview with Bloomberg on Tuesday. "We think that the new crown epidemic has a huge impact on inflation, and those impacts will start to fade. Growth will slow down and inflation will peak." TD Securities does not expect the Fed to raise interest rates until later in 2023. (Golden Ten) [2021/11/17 6:56:01]

As shown in the figure, the currency price has failed after breaking through 10370 twice recently, forming a false breakthrough to lure bulls. Market continuation is very unfavorable. In addition, the current external capital market led by US stocks continues to fall from high levels, which will also have a certain negative impact on market sentiment, so the probability of a sharp rise in the short term is still relatively low.

Okey Cloud Chain's 2021 mid-term income of 191.2 million Hong Kong dollars blockchain-related business accounted for 3.76%: On November 26, the Hong Kong stock Okey Cloud Chain released an interim performance report as of September 30, with an income of 191.2 million Hong Kong dollars during the reporting period. A year-on-year decrease of 19.15%; a loss of HK$28.9 million, a year-on-year increase of 21.42%. Blockchain-related businesses accounted for 3.76%, of which technical service revenue was HK$8.487 million, and encrypted assets and fiat currency trusts contributed HK$2.532 million. (Sina Finance) [2021/11/26 22:26:55]

In the next two days, we will still first focus on the short-term strong resistance at the 10370 line, and continue to maintain a bearish thinking until there is no clear breakthrough. If there is a trend of breaking through 10370, don't rush to chase the rise. The line above 10700 is another strong resistance. Above this price, there are a large number of locked-up orders waiting to be released. If you give an opportunity near this price or a better short-selling opportunity. The potential strong support below continues to focus on the 9300-9500 range.

JPMorgan Chase Strategist: Bitcoin is expected to have a medium-term fair value of $24,000 to $36,000: JPMorgan Chase strategist Panigirtzoglou said that after the worst May in the past decade, Bitcoin prices may continue to fall in the short term. Weakening institutional demand could send the price of Bitcoin below $30,000, and Bitcoin will need to fall to $26,000 to signal the capitulation of retail investors before starting a new round of gains.

Bitcoin is expected to trade between $24,000 and $36,000 in the medium term based on Bitcoin’s volatility against gold; $145,000 is still considered a long-term “theoretical target” for Bitcoin. [2021/6/2 23:03:36]

Subjective expectations (for entertainment only): Continuing yesterday’s expectations, it is difficult for the currency price to effectively break through the 10370 resistance before falling to the 9300-9500 support zone. If it falls to 9300-9500, there is a high probability of ushering in a strong rebound. This paragraph is not intended as a trading strategy reference.

The People's Bank of China conducts a 600 billion yuan medium-term lending facility (MLF) operation today: The People's Bank of China issued an announcement on market business transactions. Expired continuation), which fully meets the needs of financial institutions. There is no reverse repurchase operation today. [2020/9/15]

Resistance and support

Resistance: 10370--10700--10900

Support: 9800--9500--9300

The screenshot is from the OKEX ETH/USDT perpetual contract 4-hour chart: the current objective trend and coping strategies: ETH started to stagnate significantly after it seemed to rise strongly to near the 368 resistance level yesterday, and it has not been able to continue for a day Clearly hit a new high, is still hovering near the 368 resistance.

As shown in the figure, 368-407 is an intensive transaction area accumulated over a long period of time, which shows that a large number of bargaining chips have been gathered here, and a large number of long funds have been trapped, and they are all waiting for the price to rise to unwind and leave the market, so the main funds dare not easily Raising the price too high should be the main reason for the current stagflation. Although the current rebound pattern has not been significantly damaged, it can be seen that the transaction volume is also shrinking during the rebound, and it has entered the intensive transaction zone, and the room for further growth is very doubtful. The resistance seems to be smaller. There is a saying that "the price always likes to run in the direction of least resistance".

In the next two days, focus on the 368-407 resistance zone. Once the price enters this range and shows obvious signs of stagflation, such as "pin insertion", it may be a good opportunity to short rallies. The strong support area below still focuses on the 300-315 range, and it is still highly likely to usher in a rebound when it is touched again.

Subjective expectations (for entertainment only): It is estimated that the price of the currency will hardly rise sharply in the next two days, or it may lag behind after breaking through the 368 line again, but it is also difficult to see a sharp drop in the short term to test the 300-315 range. This paragraph is not intended as a trading strategy reference.

Resistance: 368--392--408

Support: 349--331--315

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

The screenshot is from the 1-hour chart of OKEX COMP/USDT: the current objective trend and countermeasures: as shown in the figure, LINK’s recent rebound has been restricted by around 13 for many times, and three consecutive attacks have failed, and judging from the trading volume, the rebound has continued The shrinking state indicates that the funds for active-ethexc follow-up are insufficient.

In the future, we will continue to pay attention to the first-line resistance level of 13, and do not blindly go long at the current position until there is no clear breakthrough. If you intend to go long, you can pay attention to the support around 11. If you pull back to this price and there are obvious signs of stopping the decline, you can consider buying at a low price . There is an obvious phenomenon of heavy volume breaking through the 13 resistance level. You can consider buying in light positions on the negative line of the callback. For the upper resistance level, pay attention to the pressure of the downward trend line shown in the figure. The approximate price range is around 15. It should be noted that as time goes by, the pressure position given by the downward pressure line will gradually decrease, so the later the breakthrough time, the greater the risk of participating in chasing up.

Subjective expectations (for entertainment only): It is estimated that the short-term trend of the currency price will hardly rise significantly again, and it is likely to form a false breakthrough and continue to adjust after breaking the 13 resistance level by a small margin, but it is also difficult to have a sharp drop. The main tone remains the same It is the current pattern of shock consolidation. This paragraph is not intended as a trading strategy reference.

Resistance: 13.00--14.00--15.00

Support: 12.00--11.00--10.00

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