Emphasize the trend of the market again, rebound accordingly to the trend, BTC is steadily declining as expected, aiming for the 1500 mark, harvest, harvest.
无忧财经
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Bearish
Yesterday morning, the market was in a state of shock until the opening of the US market. Since the opening of the US market, the market has begun to fall sharply. As of this morning, it has fallen by more than 7,000 points from the highest point of the day. At present, the overall market rebound is getting weaker and weaker. The main reason is that the market funds continue to flow out, there is no major positive news stimulus at the macroeconomic level, and the main funds have obvious intentions to short. From a technical point of view, the big Yin line entity directly covers the Yang line entity, and starts to exert force directly from above the moving average, breaking through the support line all the way down, showing the strength of the short force. Now the market has touched the weekly MA10 support level of 95200-95000. This position has played a key supporting role many times in the historical market. Before, the market has rebounded to varying degrees near this position, so it is expected that there will be a certain degree of rebound here. However, the daily line has now continuously broken through multiple moving average supports, indicating that the market as a whole is in a short trend. At this time, it is very risky to fight for long orders. Not only will it face the suppression of the moving average system, but it may also encounter further suppression from the shorts.