Yesterday, the high point of the big cake BTC was 28331.42 points, closing at 28153
Yesterday, the high point of the big cake BTC was 28331.42 points, closing at 28153.20 points, with an amplitude of 3.57% and an increase of 2.75%. Yesterday, the main trend rebounded, 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 Cake BTC was at 2.83w, which could gradually establish a short position. However, I did not expect a direct inverted V-reverse last night, and then a rapid rebound. However, the high-altitude mentality is not a problem. Then it slowly fell during the day, followed by fluctuations in PPI data released in the evening, and the market hesitated in this position. Upon closer inspection of the graph, it is not difficult to see that the high point after the data release happened to hit the 30 minute 233 moving average, and then fell.
30mink line diagram
From the 30min trend chart, it can be seen that during the day, the price has been falling along the downward channel of this level, in a parallel state. This wave of decline may step back, and there may be a 30min rebound. As for whether it will happen, it is also the trend of the market tonight. However, no matter how the small level market goes, at the 4h level, the big cake is still in the downward channel, and the resistance area above is around 2.87w. It should be noted that for short-term long positions, it is still necessary to strictly control the stop loss position to prevent a major reversal of the market.
Bitcoin BTC Market Analysis (5/10)
Note: The currency market carries risks and caution is required when entering the market.
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