Yesterday, the high point of the big cake BTC was 27397.0, closing at 27258
Yesterday, the high point of the big cake BTC was 27397.0, closing at 27258.8, with an amplitude of 3.91% and an increase of 2.72%. 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 big cake btc market has been suppressed by 2.7w, and it was also stated that there may be a high point layout for short orders in the later stage. However, conservative estimates suggest that the resistance area is 2.77w. Last night, as expected in the afternoon analysis, it directly broke through 2.7w, reaching a high of 2.74w, and then continued to fall below 2.67w after midnight. It is still not advisable to keep up here. From the 5-minute trend, the last move that rose yesterday was caused by a 1-minute divergence in the sub level, and the next move in the next 30 minutes was then in a volatile state. Currently, we are waiting for the market to rebound for a period of time without breaking a new high, or if a divergence occurs after breaking a new high, and then short the market.
5mink Line Diagram
From today's overall trend, the bearish power of the big cake market is slightly dominant. From the 4h level, the market is in a 4h consolidation period and is not suitable for long trading. Personal opinion: Short orders can enter slowly in the future, and it is important to control leverage and stop loss points.
Bitcoin BTC Market Analysis (9/18)
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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