A simple analysis of BTC
Trend review, the pie reached its highest point in the past three days at 69,000, and began to retrace at 12 noon yesterday, reaching the current lowest point near 63,500. Within 36 hours, the pie fell by more than 8%, looking at the four-hour MA moving average , the big pie started to try to make a false breakthrough yesterday afternoon with a four-hour golden cross signal, but then failed to break through. Starting from 8 o'clock this morning, the four-hour MA moving average showed a dead cross signal, and the big pie began to retrace significantly.
Trend judgment, the current bearish trend of the market is still there, the four-hour level dead cross signal has not shown an obvious reversal, and the daily level level dead cross is about to form. Currently, the midline of the four-hour and daily line boundaries of BOLL Bollinger Bands has been broken, and the four-hour dead cross signal has not shown an obvious reversal. The hourly level has nearly broken through the lower track, and the bearish trend has been reached. The market decline is expected to continue
Summary: The trend is bearish, pay attention to intraday points, the lower support is near 62200, there is no strong resistance trend above, and the small resistance above is focused on defense near 68800. Just prevent the pin insertion at night. Operation suggestions, small positions are OK Try to enter the market with a short order near 65500.
