Analysis of BTC market in multiple time periods
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Large cycle: 1W/1D/12H
1W, bulls weakened, currently bulls weakened for the 13th week, bulls gradually weakened; weekly bulls weakened and adjusted, short-term will fluctuate in the narrow range of 59794-60180. Pay attention to small cycle signals for specific directions. From the perspective of exchange contract positions, prices and positions have grown simultaneously in the past two weeks.
1D, bears weakened, long-short dividing line (in space): 60863, long-short dividing line moved down.
Bears continue to weaken, currently subject to resistance from the long-short dividing line, and have been suppressed for three consecutive days. Only when bulls stand firm at 60890 can there be a higher breakthrough.
12H, bears weakened, 59803 60591 narrow range oscillation, bulls stand firm at 60591 can continue to break through. Bulls will weaken if it falls below 59803.
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Small cycle: 4H/1H (intraday)
4H, bulls are normal, bulls are stable, and effectively break through 60485. It is about to reach the turning point of bull strength and weakness. You can wait for 2 4H cycles and pay attention to the market dynamics. 60485 58960 Range oscillation
1H Bulls weakened, currently oscillating at a high level, possible callback positions 59982 58700
Comprehensively speaking, the current market, the small cycle 1H bulls weakened, the 4H bulls strengthened, and are about to change. The big cycle bears weakened
Possible direction within the day
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Intraday direction: #多头
Intraday pressure level: 60485, 60863
Intraday support level: 58700, 59600
