Yesterday, the high point of the big cake BTC was 31040.13 points, closing at 30595
Yesterday, the high point of the big cake BTC was 31040.13 points, closing at 30595.50 points, with an amplitude of 2.80%, an increase of 0.94%. 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 night, it was analyzed that Big Pancake BTC may choose the market after the CPI announcement. Based on the data released tonight, the CPI is better than expected, and the BTC briefly rose to around 3.1w before falling again. It did not successfully break away from the range of the Great Central Market, and it is possible that the market will occur in the latter half of the night. From the 5-minute trend, it can be seen that the pancake has been consistently above the 233 moving average and has not effectively broken through. Therefore, the support effect near the 3.03w position below is very strong, and it is not easy to break through tonight.
30mink line diagram
From today's overall trend, the pancake is still fluctuating within a large range, and the long and short sides continue to play games. Yesterday, it was said that the NASDAQ will fall, but today it is clearly criticized. The index continues to hit new highs, which is too strong. Will the pancake also break through new highs later? It's something worth paying attention to these two days. Whether it is falling below 3w or rising above a new high, it is necessary to provide results in the next two days. When making orders, it is necessary to be cautious and bring stop loss points that are in line with your own operating habits. My personal opinion is that short positions are the main focus.
Bitcoin BTC Market Analysis (7/11)
Note: The currency market carries risks and caution is required when entering the market.
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