Bitcoin market analysis on July 16: Bitcoin hovering around $9,200
[24-hour flow of funds] From yesterday to 9:00 today, the 24-hour net inflow of Bitcoin was -27.1488 million US dollars, of which the main net inflow was 41.856 million US dollars, and the net inflow of retail investors was -69.0048 million US dollars. Among them, the 24-hour net inflow of large orders was 65.6279 million US dollars, the 24-hour net inflow of small orders was -23.54 million US dollars, and the 24-hour net inflow of small orders was -68.4355 million US dollars.
Currency holders [BTC/USDT market review] Yesterday, the currency holders article wrote to beware of temptation to buy more, and the market outlook is bearish. The price of Bitcoin started to rise from 4 o'clock yesterday morning, reaching the upper rail (9216), and then fell back under pressure.
Currency holders [BTC/USDT market analysis] Judging from the attached daily chart, the bitcoin market has been in a period of consolidation in recent days, hovering at the mid-rail (9200) US dollar line, and the Bollinger Bands closed. At present, the currency price is supported by the first line of the middle rail (9295). In the KDJ indicator, the third line of KDJ diverges downward, and the J line is about to enter the oversold area. The amount of long positions in MACD may be somewhat insufficient, and the fast and slow lines run in the direction below the 0 axis.From the attached 4-hour chart, it can be seen that around the early morning of this morning, the MA5 daily moving average crossed the MA10 daily moving average to form a dead cross, and the currency price went down, and the market is currently in a rebound stage. In KDJ, the second line of KJ turns upwards, and the short position in MACD can shrink. Judging from the weekly line, MA5 and MA10 form a dead fork, and the long positions can gradually shrink.
Currency holders [BTC/USDT operation suggestions] 1. Step back to enter long orders around 9150-9200, target 9250-9300, with a good stop loss. (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)
