#BTC☀ Interpretation of the market: The key position of the daily rebound is blocked, waiting for the opening of the US stock market to give direction guidance. If there is no fluctuation in the early morning, the daily line will close like this, which will be very ugly!
Let's take a look at today's BTC market. It is still in an awkward position. The upward breakthrough failed, and the decline is not supported and unstable.
The BTC price ran to the mid-line position of the daily line and there was an obvious selling pressure and fall. Although the bullish sentiment appeared, it was still weak. We still have to wait for the opening of the US stock market tonight to give emotional guidance.
At present, the sentiment of the US stock market before the market is not good, and it fell slightly before the market. However, there will be manufacturing data released tonight. Once the data is positive, the positive sentiment may be guided in the current situation, and the influence will gradually increase. Personally, I expect that the data will be mostly positive.
If the US stock market can lead to an increase tonight, the closing of the daily line in the early morning may be better. If it cannot lead to an increase in BTC, the daily line will continue to fluctuate or fall directly, then the daily K-line trend alone is not too optimistic.
Support and resistance:
Currently facing key resistance around 59,900 on the daily line, and 60,000 on the comprehensive view
Support, hourly level 58,500 57,500 two positions, daily level support 55,800 (visually this position will not be used today)
RSI: The index rose 2 points and is currently 47. For the market, the index rebounded slightly, but the increase was quite obvious, which is a good thing. The index is currently neutral.
Summary:
There is nothing to say. Since the upward breakthrough is blocked, we can only bet that the US stock market will have a good mood tonight, which can bring a certain optimism to BTC in the second half of the morning or after the US stock market closes.
