Yesterday, the high point of the big cake BTC was 31804.2 points, closing at 31171
Yesterday, the high point of the big cake BTC was 31804.2 points, closing at 31171.64 points, with an amplitude of 3.51% and an increase of 0.82%. Yesterday, the main trend was upward, with the closing price at the 5-day line, with multiple forces leading the way in the medium to long term.
Last night, it was analyzed that the big cake btc has been out of the central market for the past two days. After its release, the positive news from XRP has driven the entire currency circle to rise, especially for the securities types defined by the SEC, which have risen very high. Late last night, the positive news from XRP led to a comprehensive rise in the market. However, it was noted that although the btc rose, breaking through 3.15w, it was not as crazy as the rise of counterfeit coins. At the same time, in the 4h chart, It can be observed that there is a trend reversal, but there is no reversal within 30 minutes of the reversal section. Therefore, whether to directly rebound or decline within 30 minutes becomes crucial for the trend, which will inevitably affect the subsequent trend situation.
4h k-line diagram
From today's overall trend, it can be seen that the upward force of the big pancake is moderate. Whether it can form a daily peak pattern is crucial for tomorrow's trend. There will not be too much upward trend for the time being. Although last night's rise gave people a feeling of bull, my personal opinion is that the big pancake is still mainly short, and being slapped in the face doesn't matter. However, it is crucial to take measures to stop losses on your own.
Bitcoin BTC Market Analysis (7/13)
Note: The currency market carries risks and caution is required when entering the market.
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