Click on the link to join the meeting: https://meeting.tencent.com/p/7890471408
Bitcoin's daily chart fluctuates, where is the market heading?
The recent daily fluctuations in Bitcoin have caused panic in the cryptocurrency market! What does this oscillation indicate?
Let's first look at the price trend. At present, Bitcoin is fluctuating in the range of 82000 to 85000, which is the calm before the storm. Once the neck line pressure of 85200 is exceeded, the upward trend will be ignited; If it falls below the 82000 support, a pullback is inevitable. If it continues to fluctuate, it will fluctuate repeatedly within a specific range, such as sideways around $82000, with clear resistance and support both up and down.
Investors' emotions have also been affected. Cautious observation has become the main theme, and trading volume has significantly decreased. The long short position ratio in the contract market is close to 1.1, and no one dares to act rashly. But market sentiment is also complex, with some people panicking and selling, while others are looking forward to buying at the bottom.
From the perspective of technical indicators, the moving average is entangled, and the trend judgment is shrouded in fog. At the daily level, although the moving average is bearish, the MACD indicator's fast and slow lines tend to stick together below the zero axis, the green bar narrows, and the bearish power weakens. However, a trend reversal still requires breaking through the key moving average and MACD crossing the zero axis.
In terms of fund flow, data on large amounts of funds shows a decrease in buying orders, a slowdown in institutional fund inflows, a decrease in VOL indicators, and a significant outflow of funds. In the short term, the market is busy digesting selling pressure. How will Bitcoin develop in the future?
Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in!
Join the Three Kingdoms College Exchange Group to receive more services:
1. Real time troubleshooting (online one-on-one question answering and sorting)
2. Professional technical analysis and theoretical learning
3. Construction and improvement of trading system
4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land!
Official QQ group: 579358784
Tencent Meeting ID: 789-047-1408 The live broadcast room will be broken down in detail.
Disclaimers The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
