Market analysis: BTC intraday step back does not break last night‘s low, there will be a Rebound, short-term pressure to focus on 62500-63000, break through the 64400 yesterday‘s high, if the long head volume can be sluggish, the pressure will not break will continue to step back to confirm the bottom, below the focus on the 59000-59500 support area, this area does not break the structural form, after the bottom of the market consolidation, will shock higher.
Again, I firmly believe that the Bull Market is not over, the medium and long-term bullish remain unchanged, what I do is Spot, look at the medium to long term market, eat the whole round of Bull Market trend dividends, you take the day 5 minutes, 15 minutes of small level contract ideas and I discuss the market trend is inevitably different, we are not looking at a time level, so there is no point in discussing right and wrong here, the review can see that last night‘s BTC bottom, alts and BTC have diverged trend, and Xu long alts species turned red during the BTC fall, which is obviously Market Stabilization performance, and very long alts have reached the bottom of the price, with medium to long term layout conditionsAt present, fall long alts is currently 20-30% short distance from the previous low, even if the BTC market continues to bottom out, the altcoin long is only back to the low point of the second fall, which is also the position where everyone increase the position, BTC so once the consolidation is over, the altcoin zone will definitely take the lead in Rebound, and get out of the expected main rise market, the trend market Spot king, time will prove everything.BTC
1: BTC 68000 falls to 60200, some altcoins have new lows, and some are still near the original lows
2: The BTC falls to 61600 at 66800, and the altcoin remains 20-30% above the low
3: The BTC 64400 falls to 59684, and the altcoin still runs 10-20% above the lowest point
Therefore, BTC continue to smash a few k points downward, altcoin the most long is only to return to the low point of the second fall, which is also the position where everyone was increase the position, and it is very long coin that even if the BTC is fall to 59000, they will not be able to return to the lowest point, judging from the long dimension, the altcoin zone has been near the bottom, the next fall short is limited, the early hype bubble has been effectively released, and the lying flat time that has been Full Position has been changed to short rooms, and there are Position dips to enter in batches (the subion dynamics have been updated and the whole section is strong coin kinds of buying and selling points)