June 27, 2024

Bitcoin trend analysis

1D chart: Bitcoin fell 1.49% yesterday, the 5-day and 10-day moving averages are getting lower and lower, the MACD fast and slow lines fell below the 0 axis, and the negative volume column. The 4-hour moving average shows a bear market arrangement, the panic index is 40, and the RSI: 31.7. From a technical perspective, the trend is relatively weak. Short-term contract players are suitable for high-altitude operations. However, at 8:30 tonight, the United States will release several important macroeconomic data, including the number of initial and continued unemployment benefits and GDP data. Tonight's PCE and the final value of the quarterly rate of actual personal consumption expenditures in the first quarter are not that important, because the PCE is being released tomorrow, and of course tonight's will also have their interpretations. At 8:30 tonight in the VIP group, we will announce the interpretation of tonight's data. It is recommended to wait and see before the data is released in the evening.

The analysis is for reference only. For the latest and real-time news, please chat and join the group.

The above analysis is only a personal opinion, for reference only, and is not any investment advice. Investment is risky, and you need to be cautious when entering the market