Yesterday, the high point of the Big Pancake BTC was 30398.72 points, closing at 30585
Yesterday, the high point of the Big Pancake BTC was 30398.72 points, closing at 30585.16 points, with an amplitude of 2.62% and an increase of 0.61%. 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.
Last Friday, it was analyzed that the Big Pancake BTC is in a sideways stage and will definitely break at 3.15w. As expected, it hit the high point directly on Saturday morning to reach 3.15w, so the close air is considered completed. So there is definitely hope that we will continue to go for 4w or 3.5w in the later stage. After all, no matter how we look at it now, it is a bullish trend, but it is unlikely to be achieved in the short term. It is certain that there will be large-scale fluctuations or declines, which means that the profit and loss ratio of short selling is very good now. When short selling at high levels, stop losing at high levels. If this band can do well, the profit will also be very considerable, not losing to the profit space of unilateral rise.
30mink line diagram
From today's overall trend, the strength of the rise of the big cake has been depleted. In recent days, it has mainly been sideways, but it has not effectively fallen below. If it can fall below 3w in the future, we can definitely take advantage of the situation and insert a pin around 2.9w. The market is very clear now. When it drops to around 3w, it rebounds, and when it reaches around 3.6w, it falls. The following market trend, as long as the physical K-line falls below 3w in 30 minutes, you can follow the trend to chase short. On the contrary, you can follow the trend to long, but it is necessary to take stop loss measures. Do not expect a V-shaped reversal in the current market, which is almost a volatile downward trend.
Bitcoin BTC Market Analysis (6/23)
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