Yesterday, the high point of the big cake BTC was 30843.98 points, closing at 30478
Yesterday, the high point of the big cake BTC was 30843.98 points, closing at 30478.80 points, with an amplitude of 3.24%, an increase of 0.22%. Yesterday, the main trend was sideways, with the closing price below the 5-day line, with bearish forces dominating the medium to long term.
Yesterday, it was analyzed that if the Big Cake BTC cannot effectively break through 3.1w, it will probably go to 2.8w. However, today and last night, the market was still very low, and we successfully touched 3.1w several times. Tonight, we suddenly rose to 3.11w and then went straight down, falling more than 5 points, which is still very severe. If we pursue the rise today, we are likely to be trapped by the previous wave. It is not difficult to find on the daily chart that in recent days, the daily k has been displayed in the form of a cross needle, making the analysis of the market at a loss and unable to provide the correct direction. Therefore, from today's sudden sharp decline behavior, we can learn that when the general direction is in the horizontal stage, it is important to avoid chasing up or killing down. It is still necessary to wait for the market to effectively break through before taking advantage of the situation, otherwise it is generally a temptation to buy and sell short.
30mink line diagram
From today's overall trend, the big cake turned from strong to weak in the evening, killing a wave of players with high leverage contracts. At the same time, it hit a low point that just touched the lower central range, and then rebounded a bit. However, it is clearly very difficult to break through 3.1w tonight. Now we need to change our thinking, and the short side may dominate the market. Although we have not completely separated from the central range, there are signs of this, The time and space are almost the same.
Bitcoin BTC Market Analysis (6/29)
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