Yesterday, the high point of the big cake BTC was 27328.48 points, closing at 26314
Yesterday, the high point of the big cake BTC was 27328.48 points, closing at 26314.69 points, with an amplitude of 4.57% and an increase of 3.68%. Yesterday, the main trend fell, with the closing price below the 5-day line, with bearish forces dominating the medium to long term.
Yesterday's analysis showed that the trend of the big cake btc has gone through a small V-shaped reversal, and if it falls below 2.65w, it will accelerate the decline. So today's trend is almost in line with yesterday's expectations, but after falling to a previous low of 2.58w, there was a small V-shaped reversal, with a rebound exceeding 2.6w. The trend is very clear, and once it cannot effectively break through 2.65w, it will constitute the third selling point in the 4h level, and it will still break a new low.
30mink line diagram
From today's overall trend, the bearish power of the big cake BTC is slightly dominant, but the bearish resistance of the bulls is stubborn. Once they cannot break through strongly, they only make a small rebound, which may be the best time to reduce their positions. The US stock market opened high tonight, but from a technical perspective, it may go low at night, which may be accompanied by a decline in the big cake. It is necessary to be cautious in chasing the rise and killing the fall. Recently, the market has often experienced small V reactions, Be patient and wait for the third type of selling point to appear in the market.
Bitcoin BTC Market Analysis (5/24)
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