Yesterday, the high point of the big cake BTC was 26700.00 points, closing at 26444
Yesterday, the high point of the big cake BTC was 26700.00 points, closing at 26444.00 points, with an amplitude of 1.67% and a decrease of 0.44%. Yesterday, the main trend was sideways, with the closing price at the 5-day line, with multiple forces leading the way in the medium to long term.
Yesterday, it was analyzed that the rebound strength of the big cake BTC was exhausted, and the 144 moving average for 30 minutes was tested, but it was not successfully and effectively broken (that is, it is impossible to confirm whether it is rising or falling). Therefore, after rising at around 2 a.m., the pin fell and continued to test the moving average, but did not break, which led to the rise of more than two points this morning, successfully breaking the high point of the previous rebound. It is not difficult to see from the graph that at this time, a 30 minute divergence has already formed, So at night, there may be a second type of selling point that continues to decline. Combined with the performance of the US stock market after today's market reading, the US stock market is roughly about to retrace its decline, with the big cake following closely. Therefore, this wave will also talk about the 30 minute 144 moving average position near 2.658w. If it successfully falls below tonight, it will inevitably continue to decline deeply in the future. But if it hasn't broken through yet, like last night, it's still possible to continue rising, but the short side's profit and loss ratio here is better.
30mink line diagram
From today's overall market situation, the strength of the pancake rebound has weakened during the day. In fact, it is necessary to track whether it can effectively fall below the 2.66w position in the future. The market is very simple. If it breaks, the short order will continue to be held, and if it does not break, it will leave. No matter how the market changes, the overall direction is still biased towards the short position.
Bitcoin BTC Market Analysis (6/19)
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