Yesterday, the high point of the Big Pancake BTC was 27344.23 points, closing at 27272
Yesterday, the high point of the Big Pancake BTC was 27344.23 points, closing at 27272.17 points, with an amplitude of 2.71% and an increase of 2.18%. Yesterday's main trend was last week, with the closing price at the 5-day line, with multiple forces leading the way in the medium to long term.
Previously, it was analyzed that the bullish force of the big cake bt was slightly dominant, waiting for the market to break away from the 30 minute upward channel. Obviously, through the weekend and today's market, the trend chose to continue to break through the upper edge of the 30 minute upward channel, which caused the btc to go directly to 2.84w. There is currently no sign of an inverted V-shaped reversal, and it may be mainly volatile at night. Once the reversal is not possible, then it may continue to break new highs in the later stage, that is to say, Tomorrow's day k is very crucial, once it cannot fall, then increase the probability of breaking a new high in the later stage.
4h k-line diagram
From today's overall market situation, multiple forces have led the way and directly broke through the previously mentioned 4h price decline channel. If you can't break through this line, you can try to enter the market much smaller. No matter how you go, the risk of a long position on this side of the market has become greater, and there has been no divergence in short selling. If you miss this wave of market rise, you can wait for a 4h divergence in the market and choose the short side to enter.
Bitcoin BTC Market Analysis (5/26)
Note: The currency market carries risks and caution is required when entering the market.
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