Yesterday, the high point of the big cake BTC was 27238.55 points, closing at 26796
Yesterday, the high point of the big cake BTC was 27238.55 points, closing at 26796.93 points, with an amplitude of 2.57% and a decrease of 0.89%. Yesterday, the main trend fell, with the closing price below the 5-day line. In the medium to long term, the air force dominates.
Yesterday's analysis revealed that the Big Cake BTC has chosen to go directly downwards and has already fallen below 2.68w. However, if the secondary rebound does not exceed 2.68w in the later stage, it indicates that it has effectively broken through the region, with the short side taking the lead. It is also reminded not to pursue the short side. That was clearly a decoy behavior late last night, and immediately rebounded, breaking through the 2.7w position. This trend informs us that we need to operate according to the buying and selling points at all times, and not blindly pursue gains or losses. So today's trend is very clear, that is, a 4-hour central range should be constructed here, roughly ranging from 2.65w to 2.76w. In the future, long and short operations can be carried out in this range, using the upper and lower range points as stop loss points.
30mink line diagram
From today's overall trend, the 30 minute V-shaped reversal last night. If the pancake is very strong, it should have taken around 2.8w in one fell swoop during the day, but it has been in a sideways stage for 4 hours, indicating the exhaustion of multiple forces, which may also be a bullish behavior. However, it can be known that if we do not go around 2.8w tonight or tomorrow, we can enter the short market appropriately and pay attention to taking stop loss measures.
Bitcoin BTC Market Analysis (5/17)
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])
