Quick News Analysis: Mt. Gox's transfer of 47,000 BTC did not cause market fluctuations, indicating that it may be an internal or over-the-counter transaction, which does not affect the supply and demand of the open market. Community sentiment is stable, and there is no sign of panic selling. The current price of BTC is 56733.8, and the upward expectation is maintained.
[Price Trend Analysis]
K-line pattern:
Recent K-lines show large price fluctuations. For example, the long lower shadow at 22:00 on July 8 indicates the enthusiasm of low-level buying, while the continuous small entities and short shadows from 01:00 on July 9 to 05:00 on July 9 reflect that the market is oscillating within a certain range.
From 16:00 on July 8 to 17:00 on July 8, the top Yin line after a rapid rise was observed, which may be a decline caused by high-level selling pressure.
Volume:
The volume peaked at 22:00 on July 8, and then began to gradually decrease, indicating that the sharp price fluctuations during this period attracted a large number of transactions, and then market participation declined.
The volume in recent hours has been relatively stable, without abnormal volume, indicating that the current price trend has not been affected by large-scale capital inflows or outflows.
Short-term advice: wait and see, wait for more market information to confirm before making a decision.
Long-term advice: bullish, pay attention to further market absorption and support point confirmation.
Today's operation: temporarily hold the currency, closely monitor market reactions and additional information to make timely adjustments.
