Bitcoin market analysis in the morning: Do things happen again in the volatile market?

6.24 morning market analysis: the market continues to rise hesitantly, and the support of 9,600 US dollars is still tested within the day

The market failed to hit 9800 in the early hours of yesterday and then continued to fall until it launched an offensive again at around 11:00 in the evening, trying to hit 9700. The 4-hour line level also bottomed out and then stood on the 5-day moving average with the posture of a big Yang line, but then many troops retreated. Without warning, it began to fall continuously at night, and the current 4-hour level fell to the 10-day moving average, testing the support of $9,600 again. At present, we can see that when Bitcoin hesitates and oscillates, other currencies that are stronger can slightly drive Bitcoin's short-term breakthrough, such as yesterday's ETH. But whether it can continue to rise in the future depends on Bitcoin itself, and according to the current situation, Bitcoin itself still has no momentum to continue to rise. If it is ready to go up, it should make a further rise after bottoming out yesterday .

This situation may be related to the sudden increase in the long-short ratio from 0.8 to 1.1 yesterday. It is not in the interest of the banker to rush directly up, so he still hesitates at this position and even reshuffles the market again. Therefore, we should mainly pay attention to the support of 9600 in the day, and even pay attention to the bottoming of the market.