Yesterday and today's technical analysis of spot BTC, as well as today's market forecast
Yesterday, the price of Bitcoin continued its previous downward trend, falling from the highest point of 63,500 yuan to the current price of about 61,416 yuan. The daily chart shows that Bitcoin is facing greater pressure again after the previous rebound, the short-term moving average shows a dead cross, and the MACD indicator also enters the short-selling area. Overall, Bitcoin is currently in a volatile downward trend and may continue to test the support level of 60,000 yuan in the short term. Investors are advised to remain cautious and wait for clearer trend signals before operating.
Important and valuable information in the past one or two days
The overall decline of US stocks has caused market panic: the three major US stock indexes closed down collectively last Friday, with the Nasdaq falling by 2.43%. The sell-off of large technology stocks has exacerbated the market's pessimism. The US stock market has evaporated more than $2.9 trillion in market value, the worst day since the COVID-19 pandemic. This panic may be further transmitted to the cryptocurrency market, and investors need to pay close attention. The US is about to raise interest rates, so what is the current direction? There is a high probability that it will be washed out first before starting a rapid upward trend.
Trump's positive attitude towards cryptocurrencies: Former President Trump mentioned in an interview that cryptocurrencies may be a way to solve the US debt problem and criticized the current government's regulatory attitude towards cryptocurrencies. Trump's remarks show that US politicians are beginning to pay more attention to the development of cryptocurrencies, which is a long-term positive signal for the market, but it may be difficult to change the downward pressure on the overall market in the short term.
Altcoin gains and Bitcoin futures forecasts
Under the background of overall pressure on mainstream coins, the performance of altcoins is also relatively weak. Mainstream altcoins such as Ethereum (ETH), Solana (SOL) and Avalanche (AVAX) have all fallen by more than 3% in the past 24 hours. In the short term, the altcoin market may continue to be dragged down by the decline of Bitcoin.
Regarding Bitcoin contracts: The current BTC price is hovering around 61,416 yuan. Investors are advised to wait and see and wait patiently for a better entry opportunity. Short-term operations should be cautious to avoid rashly adding positions when the market is unclear.
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