Yesterday, the high point of the big cake BTC was 27663.9 points, closing at 27038
Yesterday, the high point of the big cake BTC was 27663.9 points, closing at 27038.02 points, with an amplitude of 2.96% and a decrease of 1.31%. Yesterday, the main trend fell, 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 period of change in the Big Cake BTC is approaching, and if it falls below the 2.68w area, the bears will take the initiative. Unfortunately, today, the big cake did not continue to rebound and break through the 2.76w position. Instead, it chose to go straight down and have already fallen below the 2.68w area. In the later stage, it is to wait and see if it can effectively break through this position, which means that the secondary rebound does not break through 2.68w, indicating that the decline is effective. Therefore, it can be used as a third type of selling point. It is not suitable to chase short now, and it may also be a bearish market. No matter how it goes in the future, it will definitely be manipulated by buying or selling points, Don't rush now.
30mink line diagram
From today's overall trend, the big cake has become weak, with the short side dominating. Tonight, it is generally known that it will directly fall below the previous low of 2.58w, forming a 4-hour consolidation divergence. If it doesn't fall below, it may be the second type of buying point for 4h, which means that the direction will be roughly given tonight or tomorrow. Wait patiently for the opportunity and avoid FOMO emotions.
Bitcoin BTC Market Analysis (5/16)
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])
