Bitcoin BTC Market Analysis (5/16)

Yesterday, the high point of the big cake BTC was 27550.03 points, closing at 27396

Yesterday, the high point of the big cake BTC was 27550.03 points, closing at 27396.80 points, with an amplitude of 3.04% and an increase of 1.16%. Yesterday, the main trend rebounded, with the closing price at the 5-day line. From a medium to long term perspective, multiple forces dominate.

Yesterday's analysis showed that the large cake btc has a strong supporting effect in the 2.68w area, indicating that if the rebound is relatively strong, it will roughly reach around 2.84w. From today's trading data, the rebound was relatively weak, falling to around 2.685w before rebounding again. That is to say, there are generally two situations in the later stage. The first one is to directly break the previous high of 30 minutes, and if a divergence occurs, the probability of forming the second selling point of the daily line in the later stage will be more determined; The second type, which does not exceed the previous high of 30 minutes and effectively drops below 2.86w, indicates that the short side has taken the lead. No matter how the situation goes, the air side will generally take the initiative, unless it directly explodes to around 2.98W.

30mink line diagram

From the overall trend, it is still at a certain end of the rebound stage, and the changes are also fast. Generally, it is a reverse trend or a break, and when the time comes, it can be carried out in a medium to short term layout. Now, patiently wait and see, waiting is a long process, but it is also an essential part of the operation. Opportunities are always waiting for and then done.

Bitcoin BTC Market Analysis (5/15)

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

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])

Previous 2024-10-16
Next 2024-10-16

Guess you like