Yesterday, the high point of the big cake BTC was 26392.0 points, closing at 26205
Yesterday, the high point of the big cake BTC was 26392.0 points, closing at 26205.97 points, with an amplitude of 4.34%, an increase of 5.94%. Yesterday, the main trend was upward, with the closing price at the 5-day line, with multiple forces leading the way in the medium to long term.
Yesterday afternoon, it was analyzed that the trend of the Big Cake BTC directly exceeded 2.6w, and there is a high risk of short selling here. Today, the pancake has been fluctuating around 2.6w, still within the previous 4-hour oscillation range, and has not successfully stabilized above 2.6w. In the 30min trend chart, it is not difficult to find that the trend of the big cake is still above the 233 moving average, with multiple parties still dominant. In the 4h trend chart, it is possible to construct a second type of buying point, which is worth paying close attention to. It is worth participating in the search for sub level deviations, and at most, it is the low point stop loss below.
4h k-line diagram
From today's overall trend, the short-term bearish side of the pancake market is dominant, but from the daily perspective, the bottom is directly positive and negative, with multiple strong parties. The subsequent market may continue to fluctuate here, and then continue to hit high points. If it rises, the resistance point above is around 2.81w. My personal opinion is that intuition is biased, but the operation can be mainly wait-and-see.
Bitcoin BTC Market Analysis (9/12)
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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