Mr. Coin in the Coin Circle: 9.11 Bitcoin (BTC) Market Analysis Reference
After Bitcoin's intraday market failed to break through the 58100-line pressure after multiple upward attempts, the upward momentum of the price began to weaken. The trend was under pressure and pulled back again from the early morning to the morning. The current price is running near the 57000 position. The overall upward trend is blocked and the trend has entered a wide range of fluctuations. The long and short sides are in a stalemate. The focus will be on the breakout in the future. If the upper pressure is not broken, the short-term range fluctuation trend will not change.
From the short-term hourly chart, the Bollinger Bands are in an open posture, and the price is under pressure and continues to pull back downward. MACD: Both DIF and DEA are currently positive, but the MACD histogram shows signs of gradual shortening, indicating that the bulls are weakening and there may be a pullback. EMA: EMA7 (57026) is close to the current price of 56908, and EMA30 (56157) and EMA120 (57838) provide short-term and long-term support and pressure respectively. The current price is below EMA7, and the short-term trend is bearish. Although the market rebounded slightly near 56,600, the subsequent long supply is obviously insufficient. If the price cannot break through 57,500, the previous decline will be partially recovered. There is still a risk of further downward exploration of support in the future market. I hope all coin friends will be prepared in advance.
The overall trend of Bitcoin remains stalemate during the day. Since the market did not break upward as expected, the increase continued. The bullish offensive began to weaken, and the short-term has given a signal of a callback, but the 56,000 first-line support has not been broken, and the intraday gains have not been shed, so our operation is still to maintain high-altitude and low-multiple.
9.11 Bitcoin short-term reference: ... 400, target below 2320,
For long orders, focus on the 2280-2260 range, stop loss 50 points, target above 2340,
There is a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly. No matter how high your judgment of the market is, you must take profit and stop loss well, and put the profit in your pocket $BTC $ETH
