Bitcoin Market Analysis: Bulls' counterattacks are frequently blocked, is it the eve of the storm
[24-hour flow of funds]
[24-hour flow of funds]
Currency holders [BTC/USDT market review] received a physical Yinxian with a long upper shadow yesterday. Yesterday, the opening price of Bitcoin was at $9,065. In the early hours of the morning, the price of Bitcoin rose sharply, reaching a daytime high of $9,189. Afterwards, the overall price of Bitcoin began to fall. The closing price was at $9028.Currency holders [BTC/USDT market analysis] From the daily chart, we can see that the price of Bitcoin broke through the suppression of the MA5 daily moving average and the MA10 daily moving average yesterday, but failed to form a strong breakthrough, and then the currency price began to break through. Falling back under pressure. The Bollinger Bands move down, and so do the support and resistance levels. In the KDJ indicator, the third line is turning upwards, in the MACD volume energy indicator, the short position energy is gradually decreasing, and the fast and slow lines are running downwards below the 0 axis. At present, the price of Bitcoin is trying to break the position as before, and the currency holders believe that if there is no more bullish energy to break the position, the price of the currency will still fall back.
From the 4-hour chart, although the price of Bitcoin has been rebounding, there is a lowest price of 8906 US dollars, which shows that the market in the morning has a downward probe. From the KJD indicator, around 4 o'clock in the morning, the KJ second line crossed the D line, forming a golden cross, and the short position in the MACD indicator also changed to a long position, and the fast and slow line formed a golden cross below the 0 axis.
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)
