10.6 Bitcoin Market Analysis

分析师木子 · 2023-10-06T04:04:46.000Z

Last night, after a wave of highs, the market broke through the pressure level of 28,000. However, it did not continue well. After testing the market, the market immediately fell. It fell from a high of around 28,100 to around 27,300. It fell below. Previous rises were followed by declines, and declines were followed by rebounds. Looking from the daily line, the currency price is running below the upper track. In recent days, the market has been fluctuating around the upper track. The daily Bollinger Bands open upward, and the low point below has slowly moved upward, forming a The bulls are currently gathering momentum to consolidate and correct the slow rise pattern of one step at a time. There is a high probability that after accumulating sufficient momentum, they will rely on the support below to rise again and break through the previous high. Technically, the currency price has experienced three consecutive declines, falling directly from the upper track to the lower track, which is enough to show that the competition between long and short is fierce. In the short term, the overall price is still in a range of fluctuations. The current green energy column of short sellers has also shrunk. , the third line of the Kdj indicator has an upward trend. The white market is still dominated by shock repairs. The fluctuation range will increase in the late market, and the low-long thinking remains unchanged in operation. Big pie operation suggestions: more around 27400-27300, target 28200.

Last night, Bitcoin broke through the pressure level of 28,000 after a wave of highs. But it did not continue well. After the high test, Bitcoin immediately fell down. It fell from the high point near 28,100 to near 27,300. It fell below the previous starting point. The upward movement was accompanied by a decline, and the downward movement was accompanied by a rebound.
Looking at the daily line, the currency price is running below the upper track. In recent days, Bitcoin has been oscillating around the upper track. The daily Bollinger Bands are opening upward, and the low point below has slowly moved up, forming a slow rise pattern of stepping back and looking back. Currently, the bulls are accumulating momentum for consolidation and correction. It is highly likely that after accumulating enough momentum, it will rely on the support below to pull up again and break through the previous high.
From a technical perspective, the coin price has experienced three consecutive declines, falling directly from the upper track to the lower track, which is enough to show that the competition between bulls and bears is fierce. In the short term, it is still in a range of fluctuations. At present, the green energy column of the bears has also shrunk, and the three lines of the KDJ indicator have a trend of turning upward. The white market is still dominated by shock repair, and the volatility will increase in the late market. The low-long idea remains unchanged in operation.
Bitcoin operation suggestion: buy around 27400-27300, target 28200.