Analysis of today's midday market trend
On the hourly chart, MACD is below the zero axis, the fast and slow lines are diverging downward, and the EMA moving averages are arranged in a dense pattern. In the medium and long term, the trend is still relatively weak. As the market surges and then makes a strong correction, the Bollinger Band track is gradually opened. At present, both long and short sides are entering consolidation.
On the daily chart, the market is under pressure at the middle track position. At present, it has broken upward again, but the trend has not stabilized. The market is also under pressure near 61150. The price has made a correction of more than 2,000 points. At present, it has returned to the 59,000 area. The overall trend has not changed. There are signs of a dead cross on the MACD fast and slow lines, which shows that the intraday market is still biased towards weak fluctuations. Operation suggestions are mainly rebound.
Short-term pressure focuses on 61050-61550. If the subsequent rebound can break through, the increase is expected to continue further. Short-term support focuses on 57550-58050$BTC
