[BTC market analysis this week] 7/8
Weekly MA crosses, pressure at 63000
Currently, the market support is around 51200
The pressure point is 56500.
Weekly KDJ is on the edge of bottoming out, and the market may reverse at any time
Macd crosses at a high level, and the market is bearish.
Vol has been in the empty column increasing for three weeks, but the column is not long enough, so this week it is possible to continue the empty column increasing and the bulls appear.
Weekly summary: both rising and falling are possible, and the falling space is limited.
Daily analysis: Last week's market had a hammer line and a long Yin line, indicating that the market will reverse. But it continued to reverse and fall over the weekend, and today's market lowest point has approached last week's low. It can be seen that the short-selling force is accumulating power and falling after the correction last week.
From the daily kdj macd vol, it can be seen that the short-selling force is still strong, and the market indicates that it will fall.
From the K-line pattern, if the market rises, then the bottom pattern is not perfect.
12-hour analysis: All indicators point to a decline in the market.
Summary: This week, the market fell and then rose. The daily KDJ fell first and hit the bottom. The short-selling force was diluted. Just after the weekly KDJ hit the bottom, it could reach a J line to draw a reversal arc.
This week's market currently has a low point of 54,200, and last week's low point was 53,300. It has basically reached the trend of a second bottom.
Before the release of CPI data on Thursday this week, the market fluctuated in the range of 53,300-58,200, and 56,500 points was an intermediate dividing point.
Divided into 53,300-56,500 and 56,500-58,200
53,300-56,500 range fluctuations have a probability of falling to touch the 51,200 support point, but it is still considered that the range fluctuations will lead to a decline.
For short-term operations, the 56,500 dividing point is the main focus. Combined with the 15-minute and hourly indicators, the importance of short-term KDJ in short-term operations is specially mentioned. $BTC
