Yesterday, the high point of the big cake BTC was 29029.11 points, closing at 27887
Yesterday, the high point of the big cake BTC was 29029.11 points, closing at 27887.58 points, with an amplitude of 5.02% and a decrease of 3.65%. Yesterday, the main trend was a high decline, with the closing price below the 5-day line. In the medium to long term, the air force dominates.
Yesterday, it was analyzed that the Big Pancake BTC was in the 4h and 30min price decline channels, with the short side leading the way. It continued to decline to around 2.72w after 1am yesterday, and this position was also the position of the inverted V-shaped reverse pin on April 27th. Afterwards, it rebounded and fluctuated around 2.76w during the day. From this point of view, the support position near 2.72w is very strong, and there is no need to wait for the 2.65w support position. It can be inferred that as long as it falls below 2.72w in the later stage, it will definitely fall below 2.7w. In the later stage, it will inevitably break below the daily center position of 2.65w. Today, the probability of a 30 minute rebound will be given, and the strong resistance area will be around 2.83w. When the rebound is high in the later stage, it is appropriate to leave it empty. Or it could fall below 2.72w and take advantage of the trend to short.
4h k-line diagram
From today's overall perspective, it is in line with yesterday's trend analysis. Currently, the pancake is in a downward channel, and the upper edge line of the downward channel resonates with the 30min 144 moving average. Tomorrow night's US CPI data is released, and the CPI pin may be even stronger this time. There is no need to operate today. Please be patient and wait for tomorrow's data release to end. When choosing to operate, wait and see now, and be cautious about bottoming out.
Bitcoin BTC Market Analysis (5/08)
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