A Bitcoin whale address that had been dormant for more than 6 years was activated. All 2,995 BTC (about 82.27 million US dollars) in the address were transferred to two new addresses at 23:32:46 last night. The address initially received 3,200 BTC on May 7, 2016, and then transferred 204 BTC on September 3, 2017 and has been dormant ever since.

BTC market trend analysis:

BTC fell to a certain extent yesterday, falling from the support line of 27,700 US dollars. Will such a decline change the structure? Is the upward trend still there? I think this is a topic that everyone is more concerned about!

First of all, do you think the plunge has started?

Yesterday's decline was actually only about 500 points, which is not a large decline. When liquidity is sufficient, such a decline can only be regarded as a shock, and the direction cannot be clear. It is not enough to represent that this is the situation this month. Only after multiple bottoming out can the bulls exert strong force and stand firm!

This round of decline in 1H was a signal that the efforts of the short sellers were fruitless. Bitcoin experienced a large volume when it reached the lowest point near 27250 in this round of decline, but the closing price was indeed a cross K-line.

This means that the demand from below is still strong. After so many days of waiting and short-term highs, we have finally waited for the pullback to come. Next, we will follow the plan and wait to see whether this round of rising prices can continue. We must be ready to get on board at any time!

The position of 27500 was the pressure point during the previous decline. It has now turned from pressure to support. It is also a dense area for short-term participation. The idea of ​​first shorting and then long in the short term remains unchanged!

After the second bottom, you can enter the long position, leaving a bottom position for the mid-term long! There is still hope to see the 30,000 mark in the near future!