Bitcoin Bottoms Out, Can Bears Make Power Again?
Co-founder of Digital Assets Data: Miners affect the recent price of Bitcoin
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Currency holders [BTC/USDT market review] yesterday, the currency holders pointed out that the market is attracting more. A solid negative line was received yesterday, and the currency price is still strongly suppressed by the MA10 moving average. Yesterday, the currency price fluctuated around 9200 during the day, and at 22:00 in the evening, the currency price began to fall sharply, piercing the 9000 mark, and the lowest price was around 8941 US dollars formed in the early morning of this morning.
Currency holders [BTC/USDT Market Analysis] It can be seen from the daily chart that the market only touched the MA10 line yesterday, but did not stand firm, and fell under pressure. At present, the MA5 moving average has a tendency to form a golden cross with the MA10 moving average. In the KDJ indicator, the KJ line crosses the D line to form a golden cross. The amount of short positions in MACD can gradually shrink.From the 4-hour chart, after yesterday's decline, it began to rebound early this morning, but the rebound was not strong. In the KDJ indicator, the KDJ three lines have a tendency to slowly glue together. In the MACD indicator, the short position can change from yesterday's long position to today's short position. According to the current market fluctuations, currency holders believe that it still depends on the strength of today's rebound. If it does not break through the 9200 line, the market will probably still fall.
(The market changes in real time, and there is a delay in the review of the post. The content of the article is for reference only and should not be used as a basis for making orders)
1. Bitcoin rebounds to around 9150-9250, it is recommended to enter the market with an empty order, stop loss above 9350, and target 9000-8900;
2. Bitcoin goes down to around 8950-8850. It is recommended to enter the market to buy more orders, stop loss at 8700, and target 9050-9170;
(The market changes in real time, and there is a delay in the review of the post. The content of the article is for reference only and should not be used as a basis for making orders)
