There is only about $1000 for a whole day's oscillation, and it takes more than that to get the pie moving. At present, it has entered the state of motionless as a dead dog and moving as a wild dog. It only consumes time and has no great significance. If you want the market to be relatively clear, it is not an important support position at present, and the amplitude is small, so it is impossible to draw any effective conclusions.
[News Update]
On the news yesterday some people in the community said the Fed meeting was clearly hawkish, Lao K said the news was calm, obviously with a bit of resentment. Why I say relatively calm, it is very simple, now that the Fed has started the rate hike cycle, the market is widely expected to raise rates by 100-150 basis points in 2022, so the market is prepared. The last window of 25 basis points was testing the waters, so what's so surprising about one or even two of the three remaining Windows of 50 basis points? Hawks are not unexpected, doves are. And no matter what the Attitude of the Federal Reserve is, it cannot change the reality that the global economy is shrinking under the shadow of the epidemic. Bitcoin was born to fight inflation and economic crisis, and the realistic foundation for bitcoin's strength has been built. In addition, the domestic epidemic surge, dry things, but also hope that everyone can maintain a calm attitude, the troubled autumn of emergency patience, calm communication, less anger and edge.
【 Technical Analysis 】
Yesterday's market amplitude was only $1000. The pattern of this space is meaningless and does not provide any reference for today's analysis. The main reference comes from the weekly line:
The weekly line fell below the low point of the cross star last week, dusk star or false dusk star structure, only determine the shape of the weekly line, can carry out the next analysis, currently there are 3 days to close the line, the specific trend is unknown. But the lower support is relatively clear, the conventional yellow and white line between 41000-42000 DOLLARS, play negative that there is no lower limit can not be measured. From the current state, there is still a lot of deformation space, regardless of the evening star or false evening star, I do not think the market has a further drop in the basis, nothing more than the details of the toss to come and go, not significant. It is not the fall that matters, but the possibility of some bizarre market moves. As the article said yesterday, at the beginning of the 2 day line also played dusk star or false dusk star construction but eventually closed long shadow trick, the week line nature can also play so. And the overall volatility is actually not that big, it's just that people are amplifying the psychological volatility based on the fear of the crash, and that's probably what the main force is trying to do - + subdue the enemy without a fight.
In the face of this state of the market, the details of the analysis is not significant, more patience to wait for the weekly line to determine the shape of the more appropriate. If you have to analyze the details, you can rebound with yesterday's low as a support, or you can make the weekly line more scary. Which way is not determined, and the 12-hour chart can be used to describe, which are roughly the following two paths:
These two paths correspond to different levels of head, shoulder and bottom play. The white path oscillates around $45,000 - $47500 and breaks; The yellow path is a new low forming a bigger swing at $41800-48300 and then breaking out. For a bull, any dip is deceptive and any rise is real. So it doesn't take into account the air force, because the air force doesn't need so many twists and turns, it just needs to hammer down, there's no lower limit.
To sum up, I personally think that the short-term rise and fall of the market depends on the gains and losses of yesterday's low point. If not, the market can rebound to 44700 DOLLARS and then choose the direction. Once we break yesterday's low, the yellow path is almost certain. So short term operations are more explicit. Aggressive to yesterday's low below the end of the loss to do more, the prudent patient waiting between 41000-42000 dollars to do more, stop loss is below 40,000 dollars. If you want to short, it is not complicated, the radical in place to short stop yesterday's high that 43900 dollars can be broken, the steady is waiting for a rebound to 44600-44800 dollars between 45500 dollars to break short. Old K is lazy, and is a lazy dead long, so do not suggest short, but also low more. As for spot, let alone, more patience, continue to be PI xiu.