Yesterday, the high point of the big cake BTC was 28299.15 points, closing at 27179
Yesterday, the high point of the big cake BTC was 28299.15 points, closing at 27179.42 points, with an amplitude of 5.41% and a decrease of 2.75%. Yesterday, the main trend fell, with the closing price below the 5-day line. In the medium to long term, the air force dominates.
Yesterday's analysis revealed that there may be a rebound in the 30 minute trend of the big cake btc, but it is still in a downward trend at the 4h level. From today's trading data, it is obvious that there was no rebound after 30 minutes and it returned to the 30 minute downward channel. From this point, it can be explained that when determining the direction of a large level, it is necessary to strictly set stop loss points for orders in the opposite direction of a small level to prevent the market from continuing in the large direction.
4h k-line diagram
Today, the Big Cake BTC is also very weak and has been breaking new lows. It has reached the lower edge line of the 4h descent channel and also the lower edge line of the 30min descent channel. Obviously, resonance has occurred here, and from a technical perspective, it is inevitable to rebound here. As for the strength of the rebound, what is the strength? It can be roughly divided into two parts: 2.68w for 30 minutes and 2.73w for 4 hours. Because the daily line is still dominated by bears, if the rebound force is very small tonight, it is likely to continue to decline. It can only be said that it is a small level relative to the daily line, where the profit and loss ratio of multiple parties is very good, and a good stop loss can be done. Today's decline does have a somewhat alarming rhythm, precisely because buying points are always formed during a decline, with good stops and rejection of panic.
Bitcoin BTC Market Analysis (5/11)
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
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
