10.06-💹Market Analysis
At the daily level, after the recent rise, BitCoin showed a long upper shadow line and then began to fall back. At present, BitCoin has seen another downward trend, but from a morphological point of view, the decline has not continued, and the daily upward trend remains.
Looking at the four-hour line, the currency price has been pulling up and down on the mid-track line. Yesterday, it was consolidating horizontally for a longer period of time. After the consolidation, a large negative line fell with inertia and was not sustainable. The bulls also quickly regained the lost ground. Today, the short-term action is taken. It can slow down slightly without breaking through the previous low, indicating that the support below is still relatively strong and effective, and there has been a trend from weak to slightly stronger.
Looking at the hourly line, after a big positive column broke through the upper track, the currency price also experienced three consecutive negative 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, and the short-term overall is still in a range. Among them, the green energy column of the current short position has also shrunk, the third line of the Kdj indicator has an upward trend, and the current currency price is running at a low level.
Therefore, our thinking remains unchanged and we can just keep it low and long.
At the daily level, after the recent rise, BitCoin showed a long upper shadow line and then began to fall back. At present, BitCoin has seen another downward trend, but from a morphological point of view, the decline has not continued, and the daily upward trend remains.
Looking at the four-hour line, the currency price has been pulling up and down on the mid-track line. Yesterday, it was consolidating horizontally for a longer period of time. After the consolidation, a large negative line fell with inertia and was not sustainable. The bulls also quickly regained the lost ground. Today, the short-term action is taken. It can slow down slightly without breaking through the previous low, indicating that the support below is still relatively strong and effective, and there has been a trend from weak to slightly stronger.
Looking at the hourly line, after a big positive column broke through the upper track, the currency price also experienced three consecutive negative 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, and the short-term overall is still in a range. Among them, the green energy column of the current short position has also shrunk, the third line of the Kdj indicator has an upward trend, and the current currency price is running at a low level.
Therefore, our thinking remains unchanged and we can just keep it low and long.