Yesterday, the high point of the big cake BTC was 30403.13 points, closing at 30174
Yesterday, the high point of the big cake BTC was 30403.13 points, closing at 30174.83 points, with an amplitude of 1.44% and a decrease of 0.68%. Yesterday, the main trend was a decline, with the closing price below the 5-day line, with bearish forces dominating the medium to long term.
Yesterday, it was analyzed that it was very difficult for the big cake BTC to rebound strongly, and at the same time, the individual was also biased towards the short side. Therefore, today the big cake did indeed fall a bit. After falling below 2.96w, it rebounded again around 3w, successfully breaking away from the position near 3.03w yesterday. It can be concluded that if it cannot successfully stand firm for more than 3w at night, the decline may start tonight, with at least 5 points of decline and at most 10 points of decline.
30mink line diagram
From today's overall trend, the bullish and bearish results of the big cake have emerged, with the bearish side dominating and the daily line continuing to decline along the 5-day line without any signs of stopping the decline. At the same time, the NASDAQ index is bound to have a correction and decline tonight. If the big cake follows the Nasdaq index a little more, it will cause a big decline. In my personal opinion, it is now mainly short. Do not be impulsive, but do not blindly chase short and buy and sell according to your own operating level.
Bitcoin BTC Market Analysis (7/17)
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