4-27 Bitcoin analysis:

Yesterday's PCE data came out, and it was still the same 2.8% as the previous value and could not be reduced. So inflation is still strong, which is very unfriendly to the market, and the short-term trend is very weak.

Well, the position where orders can be placed on the left side of 625-620, which we mentioned a few days ago, has been reached. This position is the large-level Fibonacci 0.618, which is also the starting point of the last Dayang K, so this position must not be Once it is broken, the probability of retesting the 59K position increases, and the 59K position has been tested many times. Repeated and repeated tests will undoubtedly increase the probability of falling below the strong support.

So currently we need to pay attention to the 625-620 position, which is the last defensive position for long orders. Once it is broken by Dayin K, leave the market as soon as possible. Then our current short-term operation is based on the Fibo 0.618 above and below. When there is no breakthrough between the 655 pressure and the 625 support range, a box may be formed. Now that we have entered the weekend, the trading volume is not necessarily large, so we should pay more attention now and bring a stop loss #BTC