Yesterday, the high point of the big cake BTC was 266800.00 points, closing at 26562
Yesterday, the high point of the big cake BTC was 266800.00 points, closing at 26562.09 points, with an amplitude of 1.14%, an increase of 0.57%. Yesterday, the main trend rebounded, with the closing price at the 5-day line, with multiple forces leading the way in the medium to long term.
Last Friday, it was analyzed that the large cake btc rebounded rapidly, with the main resistance position being 2.61w. However, it was not expected that the market rebound was too strong, and it went directly to 2.69w. It was originally thought that the main shock was at 2.51w and 2.61w. It is indeed a mistake to analyze, so when we place orders at a small level, we must take stop loss measures to prevent the market trend from being different from what we expected. During the weekend, it has been in a sideways stage, but it has still been in the daily price decline channel (which was the previous 4-hour price channel, expanding to a daily level). From this point of view, it can be seen that it has been a bit difficult to achieve a large-scale V-shaped reversal recently.
30mink line diagram
From today's overall market situation, the resilience of the big cake has weakened and it has turned bearish. Therefore, it is necessary to pay close attention to the 30min trend in the past two days. The 144 moving average support level is very crucial, and we have also tried several times today, but it has not yet broken. Once it effectively breaks, the market may still fall, or even fall in a waterfall. At this time, we need to be cautious and only limited to small levels, while patiently waiting for the third type of selling point in the market.
Bitcoin BTC Market Analysis (6/16)
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