Yesterday, the high point of the big cake BTC was 30285.71 points, closing at 29659
Yesterday, the high point of the big cake BTC was 30285.71 points, closing at 29659.20 points, with an amplitude of 2.08% and a decrease of 0.87%. Yesterday, the main trend was a decline, with the closing price below the 5-day line, with bearish forces dominating the medium to long term.
Yesterday, it was analyzed that the Big Cake BTC was already short, and it was believed that it would decline with the decline of the Nasdaq index. But last night the index did not fall, but the big cake inserted a pin around 2.95w at around 12:00 am, and then rebounded to around 3w. During the day, it is constantly fluctuating up and down. However, from the 30 minute trend chart, the rebound to the central strength has weakened, and may continue to decline to around 2.9w, which is worth paying attention to.
30mink line diagram
From today's overall trend, the big cake did not show much upward or downward trend. It has been suppressed by the 30 minute 144 moving average, and the short side is still dominant. Recently, it has rebounded to the position of the moving average and continued to decline. At the same time, the Nasdaq has been consistently breaking new highs, and tonight it should almost be a correction. It's not too difficult to go too far, as the Shanghai Composite Index has been fluctuating above 3200. My personal opinion is that the size level is mainly empty. When making an order, it is necessary to set a stop loss position.
Bitcoin BTC Market Analysis (7/18)
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