0 ethernet square (ETH) bitcoin (BTC) market analysis: 000 may become an impassable hurdle

In the investment market, the essence of trading is to obey the market, whether you like it or not, it is an iron law that must be obeyed. The recent recovery in the encryption market is running high. Since then, Bitcoin has hit the 000 position many times, and Etay Fong is also vainly trying to stand on the front line of 000. The Fed's plan to shrink the table at the end of the year dealt a head-on blow to the newly recovered encryption market, and after the sell-off, Bitcoin once again showed its leading position in the encryption market, with a market capitalization of $100 million and a global cryptocurrency of $1 trillion. Bitcoin now accounts for as much as% again, which may be a turning point in the sell-off.

0 Bitcoin (BTC) market analysis and interpretation: according to the current bitcoin trend, after days of short-term rebound trend has been broken, will once again verify the bottom support, for the strong support level around 000 is a serious test, if it can be effectively supported to boost market confidence, the market will take a long time to recover after the damage. From the point of view of the internal bitcoin trend, the market pressure falls rapidly after the market pressure 00 position, the same set of combined punches, the market is bad, and the two consecutive falls caused by panic selling will once again hit the trend back to the bottom position of the box range. The current short-term trend looks at the average pressure position 000, and the support position pays attention to the inner low position 000. Therefore, the internal operation focuses on the multi-entry at position 000 below the back step, the target pays attention to the 0-0 position to stop the profit in batches, the stop loss is placed below 00; the 0 position above the rebound tries to enter the empty single, the stop position is above 0, and the target pays attention to the 0-000 position to stop the profit manually. In the spot aspect, consideration can be given to building a warehouse in batches near the front line position of 000 at the bottom of the box.

0 Ethernet Square (ETH) market analysis and interpretation: from the market news point of view, the proportion of Etay Square in the entire encryption market has declined, the main reason is that the merger market is affected by interest rate increases, it is difficult to get more market capital support, the overall trend appears to be more weak. From the perspective of the market trend, the falling law within is more obvious that 0 falls rapidly to 0 position under pressure, driving market short sentiment to plummet to 0 position all the way, with a direct decline of more than 00:00, completely engulfing the strength of the previous rebound, and the overall trend is once again fully into the short trend. It is expected that after a small rebound, the market can not form a market boost or will usher in another bottom trend. Therefore, in the internal operation, focus on the upper pressure position 0 empty single approach, stop loss position, target focus on 0-0 line position; lower return 0 position consider to try multiple single entry, stop loss below 00 position, target focus on 0-0 point.

Looking back at the past bull market of the entire encryption market, which round is not because of bitcoin? It is only when bitcoin is dominant that the bull market really comes back, accounting for more than 0% of the market. In 2000, Tesla announced that he would use the company's cash to buy 100 million US dollars of bitcoin. This is a landmark event of a shift in the agency's attitude towards encrypted assets represented by bitcoin. Since then, institutions no longer regard Bitcoin as a "hoax" but, like academia and regulators, treat Bitcoin as a special alternative asset, starting a bull market.