Yesterday, the high point of Big Pancake BTC was 35455.2, closing at 35094
Yesterday, the high point of Big Pancake BTC was 35455.2, closing at 35094.5, with an amplitude of 3.15%, an increase of 0.57%. Yesterday, the main trend was upward, 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 Big Cake has been in a strong sideways stage recently, emphasizing that the 233 moving average, which has been waiting for 30 minutes, will completely fall below because it has strong support. Just before touching the moving average, it will rebound strongly in the short term. Today, the market has been hovering above the moving average for the whole day, but tonight it successfully broke the moving average, and it was a physical break. The next K-line did not successfully rebound above the moving average. As a selling point, this would be a very good choice, as the short side's profit and loss ratio is extremely high. After experiencing a long period of sideways trading before, falling below the moving average will naturally release some emotions, mainly to observe the strength of the subsequent decline, If it is relatively weak and cannot fall below 33710, it is necessary to be very careful.
30mink line diagram
From today's overall trend, the bearish side of the pancake market is dominant. Tonight, the market has fallen below the 233 moving average of 30 minutes, and it is almost confirmed that it has effectively fallen below this moving average. The results will be known tonight. The strong support point below the centerline is at 32700, maintaining the previous view that if it falls, it is possible to fall to this position. The long-term trend is still in multiple directions, and the structure has not been damaged. Personal opinion: The short term of the big cake is gradually dominated by the short side, and the short term multiple orders need to pay attention to stopping losses. If conservative, then patiently wait for the market to emerge from the center.
Bitcoin BTC Market Analysis (11/06)
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