Yesterday, the high point of the big cake BTC was 30036.0 points, closing at 29820
Yesterday, the high point of the big cake BTC was 30036.0 points, closing at 29820.03 points, with an amplitude of 9.95% and an increase of 9.95%. Yesterday, the main trend was upward, with the closing price at the 5-day line. From a medium to long term perspective, multiple forces dominate.
Yesterday afternoon, it was analyzed that the bottom classification of the big cake btc4h structure has been completed and has exceeded the 233 moving average of 30 minutes. Yesterday, it was analyzed and waited for 30 minutes to step back and enter the field. Unfortunately, the big cake was replaced by a horizontal drop, without a step back action, and continued to burst, reaching a high of 30036, reaching the middle of the central range of the previous 4 hours. Later, it inverted in a V-shaped direction at night and in the morning. At least in the past few days, the analysis has been mainly bullish. Seizing this big rebound last night, it's still very good to stop earning, at least not in the upward trend, and casually short. So now the question is, there was a V-shaped reversal in the morning, and BTC rebounded to around 2.9w. Is it high or low at this time? How to analyze the technical aspect?
30mink line diagram
From today's and yesterday's trading, it belongs to a long short double kill. In the end, the bulls are dominant today, but they are also facing huge pressure ahead. At this time, from a technical perspective, this rebound has already formed a 5min third type selling point. Will it cause a major decline in the later stage, and a V-shaped reversal should not be possible. It may be that the long and short sides will continue to play games in this area, but at least it can be clearly known that if this wave of decline continues, then 3.1w, It may be the highest point in the following months. Personal opinion: The profit and loss ratio of price bears is very good, and it is sufficient to take stop loss measures.
Bitcoin BTC Market Analysis (4/26)
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