FCoin helps to continue to break through and kill, will 9450 be the bottom of the callback, can the multi-army buy the bottom?

Overall market:

Overall market:

Before we talk about today’s market, let’s take a look at some of the progress of FCoin. FCoin’s tear-jerking confession last night was a blockbuster in the industry. Rights protection is certain. Admitting debts can’t offset the fact that operations fail and lack capabilities , but all of this is confusing when more than 9,000 BTC in the FCoin cold wallet flowed to different exchanges this morning (the peak value of the cold wallet address reached 11,509 BTC)

“If you have some experience in the digital currency market, then you should know one thing:”

When there is a run on the trading platform and the reserves are insufficient, the usual practice of the platform side is to sell the currency to smash the market, buy it back at a low price, and execute the redemption operation

We can’t confirm whether FCoin is going this way, but at least, there are coins in the book, and transferring to the three major exchanges will not be to withdraw coins for users, right? [Manual dog head]

We must continue to pay attention to the progress of this matter. If it is really the above routine, then there will inevitably be situations such as large transactions, high fluctuations and downward movements, and be vigilant against any rebound behavior.

Back to the market, yesterday’s buying did not continue to attack. Although the daily line closed Pinbar and a large number of buying intervened, there was no sign of supply exhaustion. The price continued to drop to a minimum of 9468 and then closed down.

In the future, once the time of FCoin is further upgraded (or other news stimulation) and the price falls below the support of 9578, the above-mentioned buying at 9578 will be fully locked in, and the stop loss of multiple futures contracts will be triggered, resulting in a further new low in the price. The key demand area is around 9145 - 9200

thereforeOn the whole, the support is effective but there is no follow-up by long funds, the price cannot continue to rise, and whether the price can go further down depends on the performance of the short sellers at 9578。

short term strategy

The 1-hour level is still a bearish trend (a large-level callback is a small-level trend reversal), and the rebound pressure level is mainly short, the key pressure level: 9800, 10000, the key support 9578

midline strategy
midline strategyETH Strategy of the Week

ETH Strategy of the Week

2.17 Strategy: The market is falling in a very short period of time. It is safe to wait for the price to step back on the support near 256 to intervene in short selling. Radicals can intervene in long positions around 237 to buy bottoms. However, the risk is very high. It is recommended to be cautious in light positionsEOS Strategy of the Week

EOS Strategy of the Week

2.17 Strategy: If the bulls fail to stand above 4.413, there is a high probability that they will continue to break through 4. At present, they still focus on rebounding and shorting. The key pressure is 4.413, 4.754BCH Strategy of the Week

BCH Strategy of the Week

2.17 Strategy: The key pressure is 430, and the key demand area is 369. At present, there are many buyers at 369, and the bullish sentiment is strong, but the price has not cooperated but is constantly hitting new lows. The pressure is to see the weak price performance of the bulls and then intervene in the shortsLTC Strategy of the Week

LTC Strategy of the Week

2.17 Strategy: Mainly high altitude, the key support is at 66.66, as long as the bulls do not attack 75.62, they are all bearish, the key pressure is 73.63, 75.58XRP Strategy of the Week

XRP Strategy of the Week

2.17 Strategy: 0.285-295 open positions in batches and empty, the target is lowETC strategy of the week

ETC strategy of the week

2.17 strategy: break the position and fall, the important support below is 8.04, currently 8.95, there is still room to fall, you can wait for the short-selling opportunity at 9.72.18 Strategy: The key pressure is 9.8, 10.35, do not break up and intervene in the short position in turn, the bulls suggest to wait and see

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