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Good evening everyone, I am your Da Bin teacher. The current BTC is running in a 4-hour cycle, and the chip distribution indicator shows that the price range has sparse chips, indicating a high probability of the current price breaking through resistance or support. The recent support level is around 79000, while the resistance level is at 82000, both less than 2.5% from the current price, indicating a sudden increase in the risk of market volatility. Based on the analysis of K-line pattern and trading volume, the market activity has significantly decreased, and the price action can be weakened, further increasing the possibility of a pullback to the support level.
Is it time to bottom out now? Recently revisiting 'The Most Important Thing in Investment', there is a sentence that is enlightening:
When the economic recession reaches its peak, it will reverse again. Due to the weak competition in loans or investments, high returns and high credibility become possible. In order to obtain high returns, reverse investors will invest capital at this time, and attractive potential returns begin to attract capital. In this way, economic recovery is being propelled. So, when should we be afraid and when should we be greedy? After the sharp decline, is it time to buy at the bottom?
This problem depends entirely on whether most smart people in the market have realized that a project with no fundamental problems, a strong moat and expansion has been far underestimated. These reverse investors will not care about how the Federal Reserve and Trump do. Because many companies/projects are injured by mistake, they have nothing to do with international trade, even demand is strong enough, and they have little to do with consumption. They have anti cyclical tenacity.
So don't just ask whether it is a good time to copy the bottom, but think about whether you believe BTC can break new heights under the complex background of long-term stalemate in the trade war, uncertain global economic situation, and even changes in Trump's operations? If you firmly believe, then buy in batches at any time, calculate your capital plan well, don't care about the current, but look at the long-term yield curve.
So, if you are confident that BTC has the potential to break through new highs, then every current price correction is an opportunity to enter according to the established capital plan. Looking far ahead, in the coming years or even decades, witness Bitcoin writing a new price legend in the complex and ever-changing economic and policy environment, and reap the rich returns brought by firm beliefs and reasonable planning
The data of ETH is still not good enough, mainly due to the large holdings of BlackRock and Fidelity selling the most chips. On the contrary, the current selling pressure of Grayscale is still relatively low. Except for these three companies, other institutions continue to maintain zero changes, which is quite complex for ETH. If you say the selling pressure is really high, it cannot be said that it has a significant impact. Selling less than 10000 ETH does not have much impact. But more investors are still quite disappointed with the recent ETH, mainly because of the lack of liquidity and the adverse macro reactions in the market. ETH, like the stock of Russell 2000, currently does not see any opportunity for reversal.
Operation suggestion:
BTC 82000 is short. The first target is 80000. The second target is 78000
ETH 1620 short first target to see 1580 second target to see 1520
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
