bitcoin vs other cryptocurrencies Overview

I wish you all a happy weekend!Although the index is not optimistic, the probability of a big drop is not great, because it should be "stable". Therefore, it is more likely that the index will fluctuate sideways and fall slightly.In fact, I had a hunch that the Yinxian line would be closed on Friday. What I didn't expect was that it actually fell sharply. On Wednesday and Thursday, the two Xiaoyang lines seemed to break through upwards, and the demon master saw through the trick of attracting more funds from the main fund. This can be seen from the trend of FTSE A50 that the index can't break up. If it can't break up, it will definitely choose to fall.

The decline of the index can only be played in small positions. When the index starts to stabilize and rebound, it can gradually increase the position.The third support level: 60-day moving averageBy the end of the year, large institutions and public and private funds are facing year-end settlement, profit and loss, ranking, etc., so they feel that they are urgently selling and cashing. In the middle and late December, we will also face the delivery of stock index futures and ETF options, so the demon owner is not optimistic about the index in the short term.

The decline cycle is at least 8 trading days, and next Monday is the fifth trading day. There may be a backlash, but personally, the probability of bottoming out is not great, and it will continue to fall.The decline of the index can only be played in small positions. When the index starts to stabilize and rebound, it can gradually increase the position.The first support level: 20 moving average