Bitcoin oscillates and adjusts, and other mainstream currencies follow up
Let’s first review yesterday’s market conditions. From yesterday to now, BSV must be the first to lead the rise, with a maximum of 328.68, an increase of about 60%! The friends who hold BSV in their hands yesterday can be regarded as fighting for a sigh of relief, and at the same time, they also played the value of BSV in the market in an instant! Like BCH, ETC, EOS, DASA... etc. are also following up to make up for the increase! Finally, this bull market has seen more hope!
[Market analysis combined with market review]
Yesterday morning and afternoon, the pie touched the bottom support around 38600 twice, indicating that this point has now become an effective support for the bottom of 40000! At other times, it basically fluctuated and repaired within the range of 1,000 points. Although it broke through 41,000 US dollars at night, it did not break through effectively, and it was still a quick callback. This also shows that the upper US$41,000 is a short-term pressure level. Therefore, it is very suitable to be a friend of the short-term band during the period of finishing and repairing the big pie!
The price of pancakes rose and fell in the morning. First, it rose to attract more market, and then reversed to test support. The current market is slow and volatile, and there are signs of stepping back and adjusting in the short term. The general direction of the day is expected to continue to rise and try to break through new highs At this point, the short-term market is obviously insufficient in funds, and the trading volume is sluggish. Without a pie backed by funds, the bulls are powerless. The trend of the short-term big pie showed a downward shock. But the lower support is also strong, and retail investors continue to enter the market to take orders, so it may take a few days to consolidate and repair around 40,000. In the first few days of operation, the high altitude around 41,300, the first line of 40,000, and the low price around the second line of 39,800 are the main ones. Grasp around 600-1000 points!
