$BTC [BTC Market Analysis This Week] 12/30
Weekly Analysis:
From the trend in recent weeks, the market support is around 92500 and 90500. The trading volume has been decreasing for two consecutive weeks.
Daily Analysis:
The market has been fluctuating between 92500 and 99500 for two consecutive weeks. KDJ has touched the bottom fold many times, and MACD has crossed and broken 0 points, but the short position is in an overall shrinking state. Vol trading volume has consumed too much short energy, but the current market has not fallen below a new low, and MA20 support is at 92500. This market is similar to the K-line trend a few days before November 5.
6-hour analysis: The market is currently on the Ema double track, but it forms a shock rising pattern below, and the KDJ bottom fold is in the formation of the golden cross embryonic stage. MACD has exchanged golden crosses and dead crosses below 0 many times, and there is no downward trend. The entire vol is in a low position and shrinking
Summary: The market support is at 92500, and the upper pressure is 99500 points.
The general trend this week is bullish, breaking 10w. Considering the release of non-agricultural data on January 10, we should prevent the market from breaking 92500 and breaking the 92500-90500 range and causing excessive fluctuations.
