A market analysis of next week's market
#Finance#CoinCircle [Super Topic]#Ethereumeth#Bitcoinbtc#
After breaking down, the price of Bitcoin is still around 67,000. From the daily level, the overall market is still going to reach 72,000.
Here are the reasons;
From the analysis of technical indicators;
The weekly MACD is above the 0 axis and forms a golden cross. The previous high price of the weekly line is around 72,000.
From the KDJ indicator, the fast line has begun to go down, but the K line and the D line are still rising, and have not yet completely entered an overbought state.
A state.
From the perspective of EMA, the strong support below the daily level EMA60 is around 64000. The rest of the lines have an upward trend.
Opening the Bollinger Bands we can see that the three lines at the daily level are pointing upwards.
Judging from the point chart, the upward breakthrough force has not yet been completed.
Will the 72,000 level above be truly broken or will it be a false breakthrough?
Analyze from the price action naked K;
The head and shoulders bottom has been formed on the 3rd. Pay attention to the upward distance of 7w, which is very close.
The head takes 3 months, and the key point above the head is around 7.1~7.2. Then, if the right shoulder is formed, the next low point will be at the end of November. Then, the support of the low point of 3.8 after January 18, 24 will be matched to 49,000 on August 3, and the third major level support is around 5.6w. That is the position of the right shoulder head of the head and shoulders bottom.
In summary, based on the technical indicators and raw K analysis, the market is expected to rise in the short term, and the top of this wave will not exceed 7.2w. Then we will wait and see for the next step.
A market analysis of next week's market
After breaking down, the price of Bitcoin is still around 67,000. From the daily level, the overall market is still going to reach 72,000.
Here are the reasons;
From the analysis of technical indicators;
The weekly MACD is above the 0 axis and forms a golden cross. The previous high price of the weekly line is around 72,000.
From the KDJ indicator, the fast line has begun to go down, but the K line and the D line are still rising, and have not yet completely entered an overbought state.
A state.
From the perspective of EMA, the strong support below the daily level EMA60 is around 64000. The rest of the lines have an upward trend.
Opening the Bollinger Bands we can see that the three lines at the daily level are pointing upwards.
Judging from the point chart, the upward breakthrough force has not yet been completed.
Will the 72,000 level above be truly broken or will it be a false breakthrough?
Analyze from the price action naked K;
The head and shoulders bottom has been formed on the 3rd. Pay attention to the upward distance of 7w, which is very close.
The head takes 3 months, and the key point above the head is around 7.1~7.2. Then, if the right shoulder is formed, the next low point will be at the end of November. Then, the support of the low point of 3.8 after January 18, 24 will be matched to 49,000 on August 3, and the third major level support is around 5.6w. That is the position of the right shoulder head of the head and shoulders bottom.
In summary, based on the technical indicators and raw K analysis, the market is expected to rise in the short term, and the top of this wave will not exceed 7.2w. Then we will wait and see for the next step.
