Bitcoin market analysis

The previous article "Qingmei Zhubi: Talking about the long-short balance point of Bitcoin" mentioned that 64,600 is the long-short balance point of Bitcoin market, which has now been broken.

At the same time, the daily closing price fell below the MA120 moving average and the short-term holder's cost price (Short-Term Holder Realized Price). The market turned bearish and there was no sign of stopping the decline.

The three-day line of cme btc futures formed a bearish three crows candlestick pattern, with the moving averages sticking together.

On the other hand, the market was falling, with no spikes or large volume, and the 24-hour liquidation data was only US$128 million, indicating that high leverage had not been effectively cleared.

In general, the market may not have fallen yet. #BTC走势预测