Yesterday, the high point of the big cake BTC was 26154.00 points, closing at 25751
Yesterday, the high point of the big cake BTC was 26154.00 points, closing at 25751.36 points, with an amplitude of 3.11% and an increase of 0.48%. Yesterday, the main trend was sideways, with the closing price below the 5-day line, with bearish forces dominating the medium to long term.
Last Friday, it was analyzed that if the big cake btc falls below 2.65w, it will reverse in the later stage. Therefore, the market situation on Saturday is indeed like this. After the btc falls below this position, it will directly accelerate its decline. Today, the pancake has been trading sideways for a whole day, but from the daily chart, it is currently in a downward channel at the daily level, with a support position near 2.35w below. At the same time, if it falls, it will deviate from the central range below. Once there is a sub level divergence, it can be taken as a suitable bottom. Although there has been a consolidation divergence in the current 4h chart, the rebound today is not strong and it is only in the sideways stage, So it is very likely that there will still be a decline in the later stage. Tomorrow evening at 8:30, the US CPI data will be released, which is bound to cause a greater impact on this market than before. It is still important to be very careful.
30mink line diagram
From today's overall market situation, there have been no major market fluctuations in the long short game stage of the pancake market. At the same time, it is still very difficult to achieve a V-shaped reversal here. In my personal opinion, it is still mainly short. When making small orders, it is necessary to take stop loss measures, especially when making multiple orders.
Bitcoin BTC Market Analysis (6/09)
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