Bitcoin BTC Market Analysis (5/23)

Yesterday, the high point of the big cake BTC was 27099.89 points, closing at 26877

Yesterday, the high point of the big cake BTC was 27099.89 points, closing at 26877.18 points, with an amplitude of 2.09% and a decrease of 0.08%. Yesterday, the main trend was sideways, 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 trend of the Big Cake BTC has always been in the 4h central range, and it is also approaching the point of change. Therefore, this morning, it was directly pulled up, rising by more than 2 points. However, the long-term high is still constrained by the upper edge of the 4h central range, and it is difficult to say whether it is rising or attracting bullish at this time. At the same time, the NASDAQ index of the US stock market is also approaching a correction and decline, so whether the BCT will follow will be known tonight or tomorrow. Although BTC did not choose to go down, the upward momentum of this wave is not very strong. However, once it breaks through the 2.75w in 4 hours and appears with a strong positive trend in the later stage, it is bound to be a bullish trend, and the specific direction cannot be seen from the 4 hours at present.

30mink line diagram

From the overall trend, the big cake BTC may seem a bit bullish, but it is also important to be cautious of a waterfall decline. It is best to wait for it to fully enter the central range of the trend, and it will be safer and more reliable to operate. Please be patient and wait for a while.

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