#BTC market: I won’t say much. Whether it is rising or falling, it depends on the staged action, not the unilateral market!
I finally got home. I am a little tired. I have to go out to talk about something later. I won’t say much nonsense about the market today. Since BTC fell again in the early morning and broke the key support of the weekly line, my personal opinion is that there will not be much room for decline.
After the expectation of interest rate cut was pushed up, the short-term decline of BTC was just a phenomenon of liquidity being withdrawn. There is no reason for a direct decline at present, and there is no negative news.
Personally, I expect that before the September interest rate cut is implemented, it will still maintain the trend of rising → oscillating → falling, and it will not fall unilaterally or rise and break through. So whether it rises or falls, look at it stage by stage.
BTC:
Support, daily line 61,200, the intersection of the daily Bollinger band and MA200. If this position does not fall below, it will see the daily range oscillation. If it falls below, it will see the weekly support 58,400. Personally, I feel that under the premise of no negative news, this position will not be reached in the short term.
Resistance, weekly Bollinger Band middle line, yellow line position, 65,700 effective key resistance, breaking through this position or not, also represents whether the price returns to the upper track of the Bollinger Band.
RSI: Index 47.8, continues to decline, and will not reach overbought or oversold in the short term.
Summary:
Personally, I expect that there will be more oscillating ups and downs in the future, so we must pay attention to the oscillation range at all levels. If some positions do not fall below or break through, we must pay attention to the risk of falling back or rebounding. This week, BTC will not fall below the daily support, and#USstocks will rise again. The crypto market will also usher in capital inflows.
The data will be updated later depending on the time. If there is not enough time, it will not be updated.
