BTC intraday market analysis on 2.11th:

Today's trend is in line with yesterday's expectations. The market did test the resistance level near 48200 and then came down again. The MACD volume of this second wave of trend trends has not increased, which is suspected of attracting bulls. Looking at the daily line (as shown in Figure 1), first of all, the price entered a resistance range in the early stage, and it was also the rebound position (white line in the picture) where the previous upward trend line fell below. This also shows that the resistance at 48200 is still quite high. Big, from the 4H level (as shown in Figure 2), the currency price is currently in a high consolidation stage, but although it has risen, the macd volume has not kept up. It can be clearly seen that the long volume has been shrinking, and has now formed In the top divergence state, it is no longer appropriate to chase long! Judging from the 1H level (as shown in Figure 3), the currency price has obviously formed a shock range between 46900 and 48200. The long volume is also the same as that of the large level. There is no obvious improvement but it is shrinking. This also echoes the previous two major levels, and the probability of a correction is greater in the market outlook. In summary, the currency price is currently consolidating at a high level, and it is a weekend, so there will not be too much fluctuations. There will be some fluctuations when the weekly line opens tomorrow, Monday, etc. The currency price has risen from 43,000 to 48,200 in a short period of time. It is also tiring. It needs to stop and take a rest to work hard again. I am optimistic about the long-term and will see a correction in the short-term. If the market outlook continues to surge upward, the extreme high will be around 48,500-49,000. There must be adjustment expectations in this range. Radicals can enter the position near 47,700, and then cover the position after reaching the extreme high. The daily level callback is currently around 45,500, and then down to 45,000. During the day, control your positions and control your risks! #BTC!