Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408
The Bitcoin daily mid track can be simply understood as a short-term "middle reference line", and the impact of falling below it can be summarized as follows:
People are even more anxious: many people may think this is a downward signal, and those who are still watching may want to sell quickly, afraid of a more severe drop. Buyers will also be more hesitant, and market sentiment will become tense.
The price may continue to decline: just like driving off the middle lane, it is easy to deviate towards the roadside. After the mid track falls below, the previous support becomes pressure, and prices may continue to decline, even reaching lower support levels.
Short term trading is difficult to do: Short term traders may have followed the mid track to find opportunities, but after falling below it, the rhythm is disrupted and they are prone to making mistakes.
However, this is not absolute. Sometimes it falls below and then pulls back, mainly depending on the overall market situation.
Technical analysis:
——After the BTC weekly line changed, it fluctuated around 120000 and is currently in the range of 116000-120000. Currently, 116000 has been breached and will eventually reach 110000 next week.
——ETH's weekly closing line surged to around 3850, rising by around 1500 points this week. The monthly mid track was broken, and the upper track suppressed the decline, falling below the 3500 target of around 3100.
So, how do we proceed next?
Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in!
Join the Three Kingdoms College Exchange Group to receive more services:
1. Real time troubleshooting (online one-on-one question answering and sorting)
2. Professional technical analysis and theoretical learning
3. Construction and improvement of trading system
4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land!
Official QQ group: 579358784
Tencent Meeting ID: 789-047-1408 The live broadcast room will be broken down in detail.
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.
