Yesterday, the high point of the big cake BTC was 26308.45 points, closing at 27071
Yesterday, the high point of the big cake BTC was 26308.45 points, closing at 27071.93 points, with an amplitude of 3.29%, an increase of 2.37%. 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 is depleted. If it falls below 2.658w with the US stock market, it will continue to decline deeply. It is also said that if it does not fall below, it will continue to rise. Obviously, the market has gone against the latter situation, because the short side's profit and loss ratio is very good, even if it is wrong, it doesn't matter. The market already has right and wrong, and the important thing is to keep the principal. But a direct increase of 2.9w was unexpected. As expected, the psychological expectation at that time was around a maximum of 2.8w.
30mink line diagram
From today's overall trend, the rebound strength of the big cake is very strong, which has broken away from the previous decline, but it has also risen too fast, directly breaking through the rebound of 0.618, which is 2.863w. So some people will definitely want to know if they can break the 3W mark. Currently, the market cannot be determined, but it can be found that they have reached a resistance level. If an inverted V-shaped reversal occurs, it will definitely not reach the 3W mark in the later stage. On the contrary, breaking the 3W mark is a probability event. But anyway, it's not necessary to keep up at this time. The risk coefficient is too high, and tonight's market is particularly critical. Please be patient and wait for a while.
Bitcoin BTC Market Analysis (6/20)
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