Bitcoin market analysis: beware of temptation, the market outlook is bearish
[24-hour flow of funds] From yesterday to 9:00 today, the 24-hour net inflow of Bitcoin was 259 million U.S. dollars, of which the main net inflow was 250 million U.S. dollars, and the net inflow of retail investors was 8.341 billion U.S. dollars. Among them, the 24-hour net inflow of large orders was 169 million US dollars, the 24-hour net inflow of small orders was 81.918 million US dollars, and the 24-hour net inflow of small orders was 8.6695 million US dollars.
Currency holders [BTC/USDT market review] Affected by the reduction in the popularity of A-shares, the price of Bitcoin began to fall slowly from the early morning yesterday, falling from the 9300 line to the 9150 line. There was an intraday low of $9,111. At around 19:00, the MA5 daily moving average and the MA10 daily moving average formed a golden cross. The price of Bitcoin began to rebound, and the closing price was at $9,220.
Currency holders [BTC/USDT Market Analysis] Judging from the attached daily chart, the current Bollinger Bands are closed, and the currency price has moved close to the middle track of the Bollinger Bands (9200) in recent days, and the price of Bitcoin has entered a narrow range of volatility. It can be seen from the daily chart that the MA5 daily moving average and the MA10 daily moving average formed a golden cross above the middle rail yesterday. In the attached KDJ index, the KDJ three-line sticks at 60, and then diverges downward. In the indicators of the attached figure, the number of long positions of currency holders may be somewhat insufficient.From the 4-hour chart, after a wave of rise in the morning, the currency price broke through the MA5MA10 moving average and the middle track one after another, and then the currency price fell back. In the moving average system, the MA5 moving average, MA10 moving average and MA30 moving average are currently in a bonded state, and there is a tendency to form a golden cross. In the attached MACD, the short position can be replaced by a long position, and the fast and slow lines have a tendency to form a golden cross underwater. On the whole, the currency holders believe that the market price of Bitcoin today will be a wave of microservices, specifically looking at the 9300 and 9450 lines. Then the currency price will start to fall, you can see the support of 9200 and 9100.
Currency holders [BTC/USDT operation suggestions] 1. Take short orders at 9300-9450, target 9200 and 9100, stop loss at 9550. (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)
