BTC market interpretation: The rise is too restrained, and the market still needs more encouragement! Recommended reading: ★★★★
Tonight is a night when macro sentiment drives market prices. The positive US CPI data just now can be said to be the most optimistic month for inflation this year. Bitcoin prices rose in response, but the rise is still relatively restrained.
At present, the rise has only broken through the 1-hour Bollinger Band, but it began to fall back around 69,660 when it encountered the 1-hour MA200 and the 4-hour MA50. Overall, it is still relatively restrained under the positive data. The opening of the US stock market will see whether the US stock market will lead the younger brother to rush.
This market reaction also shows that there is still more wait-and-see attitude towards the subsequent data tonight, and the bulls still need more encouragement to stand firm and break through.
It is a good thing to break through the daily line of 69,000 in the short term and stabilize temporarily. Pay attention to the short-term resistance near 71,000 for subsequent positive news. If all positive news comes tonight, then 72,000 is a key breakthrough target. If it still cannot break through 72,000 under the positive stimulation of CPI and dot chart, then the bullish sentiment will be more sluggish.
Pay attention to the daily line of 69,000 and the recent dense support of 66,000.
RSI: The index remains at 54. It has not risen rapidly under the encouragement of emotions. The bullish sentiment is still insufficient, and the market is still mostly on the sidelines.
#BTC走勢分析 $BTC