$BTC ⛔⛔⛔ Today's analysis!
The "flash crash" in the early morning made many people start to panic. Although there are many reasons for this flash crash, among which low liquidity on weekends is a big problem, for those who are not in a good state of mind, these are just excuses.
This week, the trend of weekly and daily lines has changed slightly, and the short-term support and resistance points are also different from before. These are all worth our attention. Today is the only day this week that has nothing major going on and is in a window period. As long as it does not fall below the current range of fluctuations, everyone does not need to be too nervous.
Let's talk about the situation of BTC:
For resistance, just look at the previous high of 72,000 on the daily line.
For support, the weekly support point has risen to 65,700, and there is another 65,150 as the second layer of support below. These two support points are close to each other, so this support area is still stable.
Now the price fluctuates up and down in the 1-hour Bollinger band range. As long as the price does not fall below 66,600, it is still oscillating in this 1-hour range, and there is no big problem. If it falls below, refer to the support points mentioned above.
The RSI index touched the overbought range of 70 today and then fell back. It is now 68. Everyone should pay attention in the short term. Once the index touches 70, there may be a risk of a correction.
The current market has been washing from April to early July, but since the 15th, the market has rebounded significantly. We have to follow the market and don’t waver. We can’t care about false breakthroughs and opportunities to escape the top. Just go with the flow! Next, I will prepare some currencies suitable for bottom-fishing. If you get lost, come and find the way! From now on, the expected return is more than 5-10 times before the end of the month!
Reply 666 in the comment area. This round of bull market detectives will never let fans down. This is the truth! !
