Yesterday, the high point of the big cake BTC was 30666.00 points, closing at 29963
Yesterday, the high point of the big cake BTC was 30666.00 points, closing at 29963.60 points, with an amplitude of 2.30% and a decrease of 0.54%. 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 on Friday, it was analyzed that the Big Pancake BTC has been in a sideways stage recently, and the band operation can be carried out between 2.95w and 3.06w. So this morning, the market also fell below around 3w. In the evening, the big cake followed the rise of the US stock market, and then took advantage of the trend to touch 3.1w. This point may be the last time the market is short, depending on whether there is a single moth in the market tonight. This is roughly the case. There is no single side up or down market, and most of the time it is in the sideways stage. If an individual is not a trend trader, then they can do a sub level market in the horizontal market stage, which is also very good.
30mink line diagram
From today's overall trend, the rebound strength of the big cake is slightly stronger, which obviously has a tempting effect. It is not ruled out that the market will directly burst, so it is necessary to set a high stop loss. Even if the high point is only a short shot in the future, then bears also need to set a stop loss. They cannot gamble on things that have not happened. As long as they break a new high, it means that they are not opening near the first selling point, otherwise they will not break a new high. One thing that is difficult to do in the market is to admit your mistakes, so that you can rationally analyze the reasons for your mistakes. If you can no longer operate rationally and make the right choices in a greedy or fearful environment, then please do a stop loss in advance. One of the two methods must be achieved in order to survive in this market.
Bitcoin BTC Market Analysis (6/27)
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