Yesterday, the high point of the big cake BTC was 26499.99 points, closing at 26226
Yesterday, the high point of the big cake BTC was 26499.99 points, closing at 26226.12 points, with an amplitude of 2.39% and a decrease of 0.34%. Yesterday, the main trend fell, with the closing price below the 5-day line, with bearish forces dominating the medium to long term.
Yesterday's analysis showed that once the large cake btc rebounds for 30 minutes and cannot effectively break through 2.65w, it will still break a new low. Tonight at 8:30 pm, the release of core PCE data from the United States in April caused the market to move upwards, followed by a rebound. The 30 minute K-line shows a cross star, indicating that the market is about to change direction. It should be known about the direction tonight or tomorrow, and I personally feel that it is still biased towards the sky. The market is currently in a 30 minute upward channel and has reached a resistance zone. Once it cannot break through, it will face a large-scale correction and decline, which is inevitable.
30mink line diagram
From today's overall trend, the bullish forces of the Big Cake BTC are slightly dominant, patiently waiting for the market to leave the 30 minute upward price channel line, and then taking advantage of the trend. It is not advisable to chase up or kill down at present.
Bitcoin BTC Market Analysis (5/25)
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