Yesterday, the high point of the big cake BTC was 30445.52 points, closing at 30349
Yesterday, the high point of the big cake BTC was 30445.52 points, closing at 30349.47 points, with an amplitude of 1.33% and an increase of 0.47%. Yesterday, the main trend was sideways, with the closing price below the 5-day line, with bearish forces dominating the medium to long term.
Previously, it was analyzed that the Big Cake BTC has always been in a sideways stage, and it was the same last weekend. It has been fluctuating around 3w and has not been discovered yet. Today's market is also the same. After falling below 3w, it immediately rebounded for more than 3w, and then remained stable in the sideways market. Now, we will look at the 30 minute 233 moving average to see if the market trend can effectively break through. If not, we may still need to effectively fall below 3w and continue to explore 2.9w. As the market has been in a sideways stage, it is often more important to be cautious. Once the market changes and the direction is opposite, there may be no time to stop the loss. It is recommended to bring a stop loss at the end of the order, especially during this stage.
30mink line diagram
From today's overall trend, the long short game of the big cake is fruitless, but it is still important to be careful of the market tonight. I feel that the US Nasdaq index may fall overnight. If the big cake continues to fall, it may fall below 3w, but it may also directly reach above 3.1w at night. However, my personal opinion is still biased towards being short.
Bitcoin BTC Market Analysis (7/07)
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
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