Yesterday, the high point of the big cake BTC was 26958.0, closing at 26885
Yesterday, the high point of the big cake BTC was 26958.0, closing at 26885.6, with an amplitude of 0.69% and a decrease of 0.16%. 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.
Last Friday, it was analyzed that the trend of Big Cake BTC has stepped back on the 4-3 moving average for 4 hours and has been trading horizontally above this average. At the same time, the trend is about to reach the 144 and 233 moving averages for 30 minutes. Whether it can be directly broken through or not, do not be short at will. After two days of sideways trading over the weekend and breaking the 233 moving average last night, there was a sudden surge this morning, which was also expected. Last week's US CPI data release showed that there was no market without a waterfall decline, which indirectly means stopping the decline.
30mink line diagram
From today's overall trend, the pancake market is very strong among multiple parties, and the later trend may break the previous high point of 2.86w. This is a high probability event, and whether it will break through 2.9w or even 3w depends on the strength of the later rise. Currently, the market is dominated by multiple parties. Personal opinion: If you have already entered the market, be patient and hold it. If you have no position, it is best to continue to wait and see. Do not operate casually, and do not always think about drawing market trends.
Bitcoin BTC Market Analysis (10/13)
Note: The currency market carries risks and caution is required when entering the market.
Risk reminder: The opinions mentioned in this article only represent personal opinions, and the subject matter involved is not recommended. Trading based on this will be at your own risk
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