Bitcoin price analysis October 8th 2018

The People’s Bank of China announced that it would release the 750 billion loan quota, which will undoubtedly increase the liquidity of the market and indirectly benefit the currency market. Of course, the global stock market has started to fall, and domestic real estate prices have also been loosened. The funds that come out can enter the currency market, and everyone is full of expectations. Let’s take a look at Handan City. During the seven-day period, the overall price will not rise or fall, and the volume will not increase or decrease. The whole market is not sad or happy. After the holiday, everyone will continue to fight again at the original point. At around 7:00 this morning, bitcoin hit a small wave, but the strength was not big, the highest rushed to 6639 US dollars, the road is recommended for the previous two days trx is full of momentum, the author still suggests that you still have to observe, find out the situation, Clear your thoughts and operate as well.
Brief analysis of the market

BTC
BTC has been holding a contraction between 6450-6650 US dollars. It seems that there is no major profit or heavy volume breakthrough, and it is difficult to get out of the trend market. The lower support level is 6550-6450 USD, and the pressure is 6650-6750 USD. Half a warehouse waiting for an opportunity.

ETH
ETH shock box in the 210-230 US dollars broke through 230 to go long, fell below 210 US dollars short, cold wind believes that ETH resists all kinds of bad air, will link Bitcoin, it is recommended to continue to hold.

EOS
EOS first support is 5.6 US dollars, second support is 5.5 US dollars, first pressure is 6 US dollars, and second pressure is 6.3 US dollars. If there is a sharp drop, it can be properly opened near the support level. If there is a break below 5.5 stop, wait around 5.3. Opportunity.

XRP
XRP has been falling for many days, with the possibility of stopping the decline. The first support is 0.45 USD, the second support is 0.43 USD, the first pressure is 0.52 USD, and the second pressure is 0.55 USD. It can be temporarily suspended before it can break through 0.52 USD. Do not participate in or wait until the support position to buy.

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