Analysis of Bitcoin market on July 2: Is yesterday’s rise in the market "to lure more"

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特邀专栏作者

2020-07-02 11:11 (UTC+8)

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Is yesterday's rise in the market "to lure more"?

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Is yesterday's rise in the market "to lure more"?

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Currency holders [BTC market review] yesterday closed a solid Yang column with a lower shadow line, and the closing price was at the highest point during the day, near the MA10 daily moving average (9267). Yesterday, the market was basically sideways during the day, and the market did not fluctuate much. At 20:23 in the evening, the Bollinger Bands opened sharply, and the currency price rose rapidly, and the highest point during the day (9290) appeared.

Currency holders [BTC market analysis] From the daily chart, we can see that the price of the currency has fluctuated within a narrow range at a low level in recent days. The market was trying to break through the MA10 moving average yesterday, and it is currently showing a downward trend under pressure. The moving average MA5 is hooking upwards and approaching the MA10 moving average. It is hoped that a golden cross will form. Other moving averages are running smoothly, but currency holders believe that they should be wary of market temptation.From the 4-hour chart, the price of the currency broke through the upper line (9224) at 16:00 yesterday afternoon when the golden cross formed by the MA5 moving average and the MA10 daily moving average broke through the line of the upper track (9224), and then fell back under pressure, and has fallen back to the middle and upper track. The KJ line has a tendency to cross the D line to form a dead fork, and the volume energy of the bulls in the volume energy indicator is shrinking a bit. On the whole, currency holders believe that the currency price has not broken the position and should be wary of the market to lure more, and today's market is still dominated by empty orders.