$BTC The current market pressure is concentrated around 61800, including the daily EMA12, hourly EMA dual track, 4-hour EMA dual track and MA60 pressure. This point is also near the support point of the recent oscillating market.
We can see that the market has a callback at two special positions, 60500 and 61300. These two points are the recent support points and yesterday's highest points. It can be seen that capital is also testing the situation of entering the long and short positions at this point
From the current indicator situation, the 4-hour indicator plays an extremely important supporting role for the daily and hourly lines.
The daily line is bullish, but the multi-column short-order market of vol has come to around 61800, and the short position releases energy in the early morning. It is generally understood that the capital has withdrawn, and the long capital has not used too many chips to enter the market, which has formed this situation of multiple small columns but explosive market pull.
At present, the hourly line has multiple folds at high kdj. Multiple folds must be called back. This can also be combined with the 4-hour indicator to obtain support. At present, let's see whether the callback is a downward trend or a shock drop.
Today's rise in the US dollar index and US stocks also has a certain impact, but it is not decisive.
This week, we analyzed and predicted that the lowest point was 56,500. It is currently at 58,900. This callback is very large, which is beyond my imagination. I analyzed and predicted that the highest point of the callback is around 60,500. Last night, we got out of the short position at around 59,500. When I woke up in the morning, I saw that it was around 60,500. I often say that the currency circle is a place with no bottom line and pattern of low and high positions. BTC is the first to bear the brunt. Looking at the recent market, it is actually very consistent.
At present, the small trend is rising, but the hourly and 4-hour indicators have given us a warning. The market may be adjusted at any time. It is not clear whether it is a callback decline or a shock decline, so it is easy to die if you chase more. The only way is to use the "Short Exploration Method" to operate at every pressure point. If you don't have the skills, I suggest that you wait and see on Friday. There is still a long time. Don't kill yourself by being aggressive. In fact, the contract can pick up some simple market conditions to play with and stabilize the income.
