Market analysis - #BTC

Yesterday morning, the market showed abnormal signs, that is, "supply efforts have no results, the center of gravity has moved up" at the 4-hour level, demand began to increase, and the prediction of a strong rebound during the day has been verified

Back to the market, the same sentence, don't be a leek, the bull market will return when the positive line appears; you can compare the two rebounds on July 7 and August 7 to observe whether the trading volume can exceed the previous period. At the same time, the core is that in order to form a new rising cycle, the high point of the previous round of rebound, 65,000, must be effectively broken through to be established; so if you want to arrange the medium and long term in the near future, it is still recommended to enter the market with a breakthrough on the right side.

And at the 1-hour level during the day, it can be observed that the rise has accelerated, and the short-term pressure level of 62,000 has become a considerable resistance. At present, there are signs of exhaustion in the volume, and it is during the holidays. If there is a bottom position here, you can consider reducing the position and then stepping back on the key moving average to cover it to lock in part of the profit; if there is no bottom position, it is recommended to wait and see, and make up for the rise from the cottage recommended in the group.