Bitcoin is under pressure and the bullish trend remains
BTC market analysis:
BTC market analysis:
We have said in the previous analysis that the important suppression at the top is near the daily MA60 moving average. Although it broke yesterday, it quickly fell back below this moving average, which is a false break. In the short term, we can still look at this important suppression position first. near the moving average. From a technical point of view, the MACD on the hourly chart is currently dead crossed, and the RSI is overbought and falling back. From the indicator point of view, there should be a market falling in the short term, but the Bollinger Bands on the hourly chart are obviously upward, which is a signal of rising. Moreover, the daily MA5 moving average is turning upwards, and it is still a recent support level, so I personally think that today we should treat it with shocks first, and it should still fall first and then rise. Then in the short term, pay attention to yesterday's high point 11180 and the suppression position near the daily MA60 moving average 11130, the defensive suppression 11350-11400 and the daily line rail around 11600, and the lower support pay attention to the hourly MA60 moving average is also the daily MA30 moving average 10950 and the daily MA5 moving average The support level near 10980, the defensive support pays attention to the lower track of 10900 in Tubulin in the hour and the vicinity of 10730 on the daily MA10 moving average. In the short-term operation, I personally suggest to treat it in the range of 10900-11180 first, break the position and then operate with the trend.
Suggestions for short-term operation:
1. It is recommended to enter the market with empty orders near 11130-11180, and the target is 11030-10980;
2. It is recommended to enter the market with multiple orders around 10950-10980, with the target at 11100-11150-11180, and continue to hold the position.
The above operation suggestions are for reference only, the analysis has a certain timeliness, and the posting has a certain delay! The specifics are subject to real-time market conditions, please strictly control the risk yourself.
