Yesterday, the high point of the big cake BTC was 27200.00 points, closing at 27082
Yesterday, the high point of the big cake BTC was 27200.00 points, closing at 27082.02 points, with an amplitude of 2.38% and an increase of 0.99%. Yesterday, the main trend rebounded, with the closing price at the 5-day line. From a medium to long term perspective, multiple forces dominate.
Previously, it was analyzed that there may be a rebound in the 30 minute trend of Big Cake BTC. From today's market situation, the rebound force of the pancake is relatively strong, with a 30 minute rebound driving a 4-hour rise. Currently, a strong support area has been formed around 2.68w. If the rebound strength is good, it can roughly reach around 2.84w on the upper edge of the 4-hour price decline channel. It is appropriate to consider short side entry, and the profit and loss here is still good. But if the 4-hour increase drives the daily level up, then there is still a chance that the 3.1w ahead will break, which is the worst-case scenario for the bears.
30mink line diagram
Overall, the market of the pancake is currently in a rebound stage, with a 30 minute consolidation and bearish trend. However, the bearish trend has not returned to the central range, indicating that the probability of rebounding to a new high of around 2.8w in the later stage is still high. At that time, it is necessary to pay attention to whether a bearish trend is formed, and it is also near the resistance position above. At that time, it is relatively possible for the bearish side to enter, provided that a 30 minute trend bearish trend is formed, The main operation now is to wait and see, waiting for the back car to enter the field.
Bitcoin BTC Market Analysis (5/12)
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