Can the broader market break through new highs?

Chenben cloth, ploughing in Nanyang, living in the chaotic market, not seeking to reach the princes, but seeking to be worthy of the heart. I like Robert a lot. T. Kiyosaki’s words, greed for money is the root of all evil, and poverty is the root of all evil. I believe that everyone in the cryptocurrency circle is here to be profitable. I hope that in the coming days, my market analysis can help you gain a lot in the currency circle, learn endlessly, learn endlessly, continue to increase your knowledge, combined with your own operating habits, in order to survive forever in the currency circle and realize your ambitions.

First of all, let’s analyze the recent market trend analysis of Flatbread and Ether, Pyth, and Blur

Flatbread, btc as I analyzed in yesterday’s article, did not fall below 37500, it is very likely to hit the high, from the 4-hour point of view, the current position of KDJ rebounded upward to form a golden cross trend has come out, the price has reached 38000 today, the hourly line, is also a triple positive line, from the overall disk point of view, are a bullish trend, but whether this position can break through the previous high, the volume needs to be amplified, and there can be no volume divergence state, that is, the line of the volume pull must be firm, and the solid yang line can be OK, otherwise it is very easy to rise and fall, my suggestion is: BTC effectively breaks through 38500, you can chase up, take profit range in about 40,000, at present it is better to wait for the market to come out and then do better, if there is a continued pullback to probe 37500, you can still get on the car low.

Ether, ETH rose directly from 2020 to 2090 in the morning, and it is clear that we can see that the hourly line has a very obvious volume, which is a better form, and there is still a relatively heavy pressure level near the current upper pressure of 2140, and there may be a sideways trend to rise in the hourly line, and I think it is better to lower the trend of the ether, or it is more appropriate to chase the rise when it effectively breaks through 2140, because at present, the volume is effective, and the probability of breaking through the new high is still relatively large in the later period

pyth, from the highest point of 0.55 all the way down to 0.37, the fall has exceeded 30%, from the hour, now in the 0.37 area there are signs of the main bottom, this new currency, we can see, in fact, in 0.55 on the day of the 4-hour line, there is not too much energy, which shows that the main force did not carry out shipments, it is likely to be a wash, falling below 30% It is also possible to get the strength of the washing, my suggestion is that 0.37 is not broken, you can continue to hold long orders, the price of this area near 0.43 may arrive, but whether there can be a greater increase, or need to see whether the hourly line can recover the overbought index of the indicator through shocks, so my suggestion is: low long, hold long orders can go to the area around 0.43 to take profit is more appropriate, short-term operation is like this

blur, this new currency, the current minimum is 0.48 near the area of sideways, and with the rise of the market, there has also been a certain pull, but we need to pay attention to the volume from the hourly line, and do not see a significant volume, short-term trend, is the need to pay attention to the pressure level of 0.56, from the perspective of the large level, the trend may also need to be adjusted, my suggestion is that the short-term long single can take a take, but it is not recommended to take the long-term, the pressure level of 0.56 may be difficult to break through, the operation suggests, 0.54 near the area short, 0.48 near the try to buy long, repeatedly do high sell low suck is more appropriate

All the above suggestions are only personal views and do not constitute investment advice

Source: Golden Finance