Bitcoin BTC Market Analysis (10/05)

Yesterday, the high point of the Big Pancake BTC was 27123.0, closing at 27388

Yesterday, the high point of the Big Pancake BTC was 27123.0, closing at 27388.3, with an amplitude of 1.85% or an increase of 0.21%. Yesterday, the main trend was sideways, with the closing price at the 5-day line, with multiple forces leading the way in the medium to long term.

Yesterday, it was analyzed that the 30 minute 233 moving average of the trend of the Big Cake BTC is very crucial. However, it did not fall below last night, resulting in a small high hit in the early morning. However, the upward force is not strong, and it needs to be very careful tonight and tomorrow. It may be a downward trend, and the resistance level area above is around 2.79w.

30mink line diagram

From today's overall trend, the pancake market is still slightly dominated by multiple factors. The trend is in a 30 minute central range of fluctuations, and there is currently no direction. It is still a reminder that the top tier of the daily trend may have formed. My personal opinion is that the short-term market is about to change, and high multiples still need to be paid attention to. The best operation is to wait and wait.

Bitcoin BTC Market Analysis (10/04)

Note: The currency market carries risks and caution is required when entering the market.

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