BTC market analysis on September 12
Early, after the market bottomed out at 55515 last night, it digested the CPI data and began to rebound, and then it rose in a step-by-step manner, reaching a high of 57954. The lower side also tested the 55500 mark and tested the 58000 mark. The current market has fallen slightly. It is fluctuating around 57400.
From the daily chart, BTC may have a bullish trend. If the price can remain above the 5-day moving average and the 5-day moving average moves upward, it will have a certain support effect on the currency price. However, if the price is blocked from probing a certain price area many times, it means that there is a strong suppression in this area. For example, the previous many probings to the 58000 line were blocked and fell back, and it may be difficult to break through in a short period of time.
BTC is around 58200-57800, with the target around 56000
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