Yesterday, the high point of the big cake BTC was 27930.21 points, closing at 27400
Yesterday, the high point of the big cake BTC was 27930.21 points, closing at 27400.39 points, with an amplitude of 2.40% and a decrease of 1.75%. Yesterday, the main trend was a high decline, with the closing price below the 5-day line. In the medium to long term, the air force dominates.
Yesterday's analysis revealed that the mid to long term of the Big Cake BTC is bound to break below 2.65w in the later stage, and it was also informed that the strong resistance area of the Big Cake is around 2.83w. Tonight, the Big Cake rose to 2.833w through lower than expected US CPI data, which is in line with yesterday's analysis. Now, we are waiting for various forces to exhaust and can slowly establish short positions. If we don't fall tonight, we can see near the 2.87w position ahead. Due to today's rise, it has broken away from the 30 minute downward channel, 30 minutes require rebound. But anyway, the profit and loss ratio of the short side in this position is very good.
30mink line diagram
From today's overall perspective, until the release of data, short selling at any high can be profitable. Therefore, no matter how you operate, you need to determine your own level of operation. If you operate for 30 minutes, then today's rise should stop the loss, because the 30 minute channel has been damaged, but it is still in the 4 hour decline channel, which is near the 2.87w position mentioned above. In general, the main focus is still on the empty side.
Bitcoin BTC Market Analysis (5/09)
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