1. Daily analysis
The importance of $30,000 is self-evident!
Due to the frequent appearance of short-selling giant whales, the market’s attention to them has risen sharply. His movements did have some impact on the market. Some investors think that as long as they can pay attention to the trend of the giant whale’s borrowing money for the first time, and then follow the short position, there may be good returns. “After all, the price of the giant whale drops for a short time every time it hits the market.” Of course. At the moment when the market trend is still unclear, the giant whales frequently borrowed money to hit the market, which also aroused the anger of many investors. Many users called out on social media, “Who is going to treat the brother who borrowed money to sell short on Bitfinex?” “This guy is too arrogant. Isn’t there a big boss to educate him on how to be a man?”.
Behind the giant whale borrowing money to sell short, some people panic, some plan speculation, and some are angry. Various emotions add up to outline the life of this market. As more and more people are affected by it to make buying or selling operations, The game in the market has become more intense. Hua Ge believes: In any case, from the results of the previous giant whale operations, BTC is no longer the small market a few years ago. Now its circulating market value exceeds 630 billion U.S. dollars, and it cannot be easily controlled by a certain institution or a large user. When investors are watching the operation of the giant whale, it may be the more correct choice to maintain a rational understanding of the market and not be affected by emotions.
This weekend is relatively calm, there is not much volatility, the market amplitude is getting smaller and smaller, Hua Ge thinks the real direction is coming out soon. Back to today’s market, Bitcoin once again tested the pressure of the 30-day moving average. The bulls did not increase their volume. The difficulty of breaking through was almost zero. The 5-day moving average, the 10-day moving average and the 30-day moving average were flat. The moving average gave us the message that there is no direction. Yes, from the perspective of quantity and energy, there is no increase in long and short, and there is a high probability that it is also a shock trend. Taken together, Hua Ge believes that it will continue to fluctuate for a period of time in the short term, selling high and buying low on its own at 32000-36000. Support level: 32500, pressure level 35000.
eth insisted on Hua Ge’s strategy. In July, he bought a small drop and bought a big drop. He continued to be optimistic about eth. The support level is 2070 and the pressure level is 2220.
Bch is linked to the broader market and is weaker than the broader market. The 30-day moving average is still the first pressure now. Don’t chase the ups and downs in the volatile market. Brother Hua recommends that you continue to hold the bottom position. The support level is 480 and the pressure level is 520.
The bsv is weaker. It has received the doji for a week. There is no direction. Brother Hua suggested to wait and see. If you pull back to around 110, you can buy low in batches. The support level is 135 and the pressure level is 145.
The trend of ltc is weaker, and the amount of energy is shrinking to the bottom. There are fewer people participating, and the popularity is sluggish. The 30-day moving average is also the most important obstacle at present. Hua Ge believes that there will be no good market in the short term, so continue to wait and see. The support level is 130 and the pressure level is 140.
Since link has not increased the volume of long and short, it will still oscillate in the 16-20 range. In the short term, you can sell high and buy low in the range. The support level is 17.5, and the pressure level is 19.5.
The ada moving average is holding down the price of the currency, and there is not much to do more. Hua Ge believes that it is difficult for a short-term big market to appear. It is recommended that the rebound of the position should continue to reduce the position by one. Support 1.30, pressure: 1.40.
The xrp Bollinger Band has begun to narrow, but there are still openings. It opens together with other indicators. The current trend is also fluctuating. Hua Ge suggests to continue holding the bottom position. The support level is 0.61 and the pressure level is 0.67.
The zec moving averages are short, and the daily line shows a downward trend, which is not a good opportunity to enter the market. Hua Ge recommends holding the bottom position and wait and see. Support 106, pressure 116.
The trend of xtz is a bit strong, and it means that you want to show up. The most important thing is to see if the bulls are willing to increase the volume. As long as the bulls increase the volume, it is safer to participate again. Hold the bottom position temporarily. Support level 2.80, pressure level: 3.05.
The dot’s daily line is horizontal. It’s been horizontal for more than 20 days. The main force is real patience. Since we want to be patient, we will compare with him. Our aim is to make bargaining arrangements. Support level: 14.8, pressure level: 16.0.
The uni trend is a bit stronger, and the currency price is also on the middle track of the Bollinger Band. Hua Ge suggests holding a half position, and then increase the position when the environment becomes clear. Support level: 19.5, pressure level: 22.0.
After the emergence of the big Yangxian, it fell into a slump, mainly related to the overall environment. Now the entire market is soft, and sushi is difficult to stand out. Hua Ge recommends holding a suitable position to wait and see. The support level is 7.8 and the pressure level is 8.6.
Important note: The trend of Huahua analysis is valid within 24 hours and is suitable for short-term traders. If you can’t insist on reading articles every day, it is easy to miss the operation guidance and cause losses. Buddhist coin holders can ignore the short-term trend and take a year to make money with a high probability.
2. Daily currency news
Daily hot news interpretation
In the past weekend, the news of the central bank’s RRR cut was swiped. “Rate reduction” means to reduce the (statutory) deposit reserve ratio. Deposit reserve is the deposit that a financial institution prepares to store in the central bank in order to ensure that customers withdraw deposits and fund clearing needs; the deposit reserve ratio is the ratio of deposit reserve required by the central bank to the total deposits of financial institutions. On July 7, the National Standing Committee meeting proposed to use monetary policy tools such as RRR cuts in a timely manner to strengthen financial support for the real economy, especially for small, medium and micro enterprises. Only two days later, the central bank lowered its RRR than expected. On the evening of July 9, the central bank announced that, in order to support the development of the real economy and promote a steady decline in comprehensive financing costs, the People’s Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points on July 15, 2021 (excluding existing Financial institutions that implement a deposit reserve ratio of 5%). The RRR cut is a comprehensive reduction. Except for some county-level legal person financial institutions that have implemented a 5% deposit reserve ratio, the deposit reserve ratio for other financial institutions is generally reduced by 0.5 percentage points, and the RRR cut releases about 1 trillion yuan in long-term funds. .
The impact on the domestic capital market, as a whole, the central bank’s RRR cut has allowed financial institutions to have more available liquidity and greater willingness to lend. It has sent a signal of ample liquidity to the market, but will give priority to small and micro enterprises. The impact on the cryptocurrency market mainly depends on the inflow of incremental funds, that is, whether the funds released by the RRR cut or the funds invested by investors that the market will be affected by the positive impact of the RRR cut can flow into the market. In the short term, because of the drop The market expectations released by the standards are improving, and the cryptocurrency market can get more or less positive feedback. However, in the long run, the previous domestic policy of cracking down shows that the funds released by the RRR cuts want to flow into the cryptocurrency market. It is very difficult, and the impact on the market is relatively limited.
3. Recent recommendation
Follow the trend and be a follower of the trend
The market is still undergoing shock adjustments, and there is no major change. I still hold the coins I bought before, no operation! Recommend two small coins that I think have potential, nft cspr! You can ambush with small funds and stop loss at 10%! Double the profit!
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/analysts-look-at-the-market-outlook-maintain-a-rational-understanding-of-the-market-and-not-be-affected-by-emotions/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.