The tech heavy Nasdaq Composite had a quick drop of 8.26% from all time high to today's low during the last 6 days. This is quite a sharp drop and is consider as a panic selloff and it is likely to reverse in the short term. The main key for the Nasdaq Composite to be able to reverse up is if it can maintain above its 50 day moving average level at 13242 and today's low at 13000. Federal Reserve chairman just finished his testimony in congress and is not concern about inflation at this time calms markets. The House budget committee has approved a $1.9 trillions stimulus plan Monday and is ready to vote to pass by the end of this week also should support markets near term. The Nasdaq Composite may bounce towards its 20 day moving average at 13706. Since the sharp drops in the past two days are quite a scare for investors, the short term bounce does not guarantee a continue rally. I think the strategy for the stock market now is sell on rallies.
Falling in sync with the stock market, Bitcoin dropped 23% from its all time high of $58304 to a low of $44845 in the last 3 days. Knowing the volatility of Bitcoin, this is considered normal. So the supports are now $47000, $46000 and $45000 and its resistances are $49000, $52000 and $54000. it may take some time for it to go back up to historical high $58304 again, but the sharp correction may attract even more buyers into Bitcoin. Bitcoin is a fantastic short term trading vehicle if you are fast enough.
纳斯达克综合指数在过去6天中从历史高点迅速下跌至今天的低点，跌幅为8.26％。这是一个相当大的下跌，可说是恐慌性的抛售，但短期内可能会反转向上。纳斯达克综合指数能够反转的主要关键是能否维持在其50日移动平均线水平13242和今天的低点13000上方。美联储主席刚刚在国会上作了证词，他并不担心通货膨胀。市场因而能够稳定下来。众议院预算委员会周一已通过了一项1.9万亿美元的刺激计划，并准备在本周末在众医院投票通过，这也应该是短期内支持市场。纳斯达克综合指数可能会反弹到它的20天移动均线13706水平。由于过去两天的大幅下跌对投资者来说是相当大的惊吓，因此短期反弹并不能保证持续反弹。我认为目前股市的策略应该是逢高卖出。
与股市同步，比特币在过去三天里从历史最高点58304美元下跌23％至今天低点44845美元。知道比特币的波动性，这是正常的表现。现在支撑位分别为47000美元，46000美元和45000美元，阻力位为49000美元，52000美元和54000美元。它可能需要一段时间才能再次回到历史高位58304美元，但急剧的修正可能会吸引更多的买家购买比特币。如果您足够快的话，比特币是一个很棒的短期交易产品。
No comments:
Post a Comment