【BTC market supplement this week】$BTC
The hourly line has gone out of the pattern I want. KDJ hit the top and the market rose by 1,000 points, while the previous wave fell by 2,200 points.
It can be seen that the callback will continue to fall, and the 4-hour KDJ position and MACD vol show that there will be a big drop next, with the target at 55,600.
After the fall, it is time to release the 4-hour indicator. At this time, it is likely to oscillate in a small range around 55,600, and it is likely to fall again. This wave of callback in the morning is just a callback to release the hourly line indicator.
The entire market is 58,200 to 55,600, and then oscillate and accumulate power to smash the market. If it falls, 53,000 cannot be stopped. Breaking 5 again, you want to see 46,000, 43,500 is not impossible.
Recently, the market has been bullish. Consider one thing, what is the idea of capital in the past few days of decline? Is it a decline to cut longs? Too much inducement to shorts, let the market be bearish, and then realize another wave of end. Or has it already started to collapse? We still need to analyze and predict step by step.
The Fed's interest rate cut has been so hot, and the expected 5.5% has been lowered to 5.25%, so this possibility is huge. I have a more rational view of the macro economy.
In the face of huge data, it is still rational to look at it, not impatient, and never be radical. I am an old player for nearly 9 years. I have predicted the recent ups and downs in advance and have a steady grasp, but this time the Fed still requires stability.
I personally am optimistic about the collapse of the Fed data, but now the indicators do not give me enough support. Tomorrow and the day after tomorrow, as the market fluctuates, the indicators will show new changes, and then the required results will appear.
Spot continues to wait and see
Contract high (high is the high position of each band callback) #BTC☀ #Btcoin #分析行情
