Yesterday, the high point of the big cake BTC was 28038.59 points, closing at 27673
Yesterday, the high point of the big cake BTC was 28038.59 points, closing at 27673.08 points, with an amplitude of 1.86% or an increase of 0.15%. 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.
Yesterday, it was analyzed that there is strong resistance in the 2.84w region for the Big Pancake BTC, which may have led to a bullish market and a good short side profit loss ratio. Then in the afternoon trading today, it directly fell below 2.75w and then accelerated to 2.7w, which is in line with yesterday's analysis expectations. So, if we talk about a reversal and go directly to 2.9w, the difficulty coefficient may be very high. Because the 4h K-line that fell today directly swallowed up the previous upward trend, that is to say, the chips on this side have already been distributed. Unless there is significant positive news, it is not difficult to reverse the upward trend.
30mink line diagram
From today's overall market situation, bears are the dominant force, and the big cake has also fallen below the 30min 233 moving average. It is possible that the daily line will form a top split, and then it is likely to break the previous low. It is not advisable to rebound in the current market, as the risk is too high. It is better to patiently wait for the market to break out of the central area below.
Bitcoin BTC Market Analysis (5/30)
Note: The currency market carries risks and caution is required when entering the market.
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