Bitcoin pulls back and organizes, and it can be undone today
【Today's information;】
Compared with other major commodities, bitcoin has kept pace with the market. Since the global central bank's massive stimulus plan, bitcoin is regarded as a hedge against inflation. According to the Chainalysis report, more than 60% of all circulating bitcoins are held by long-term investors, and the sale part does not exceed 25%, which shows that the bitcoin market is favored by more people, and the future prospects are worth looking forward to.
【Market analysis】
【Market analysis】
The K-line on the daily chart has closed the positive line for three consecutive days, the Bollinger Bands are closed, the upper track hook is suppressing the trend downward at 9800, and the price remains in the middle and upper track area. At present, the market has returned to the oscillating position of yesterday. Although there was an upward test in the early morning, it stopped around the 9700 position, and the upward momentum weakened within the day. In the follow-up, we will focus on the gains and losses of the 9600 position. If the price stabilizes above 9600, there is a chance to break through the 9700 resistance area and further rise to the 9800 position. If it falls below the 9600 position, then the support will move down to the 9500 position.
On the four-hour chart, the price is below the 5-day moving average and near the 10-day moving average, and the price is slowly moving downward. There is a downward trend in the short term, but the price remains at a high point, and the defense of the bulls is still strong, so Chu Chu expects that it will only fall slightly, and the price will not drop deeply. The indicators in the attached figure are flat, the market is in a correction, and the overall trend remains volatile. Therefore, short-term operations are recommended to be high and low.
【BTC Operation Suggestions】
The market is changing rapidly, and the real-time operation is subject to the intraday. The information and data in this content come from publicly available information and strive to be accurate and reliable.
The market is changing rapidly, and the real-time operation is subject to the intraday. The information and data in this content come from publicly available information and strive to be accurate and reliable.
