币币说区块

Current strong pressure range, need to take profit at this stage
Has not broken out of the reversal structure

The market status shows that after the price reached 84000, a considerable number of short traders accumulated. Now we are watching whether the US stock market can rebound and drive BTC to break through 84000 and continue testing 89000. Although BTC is bullish, it ultimately depends on the performance of the US stock market. If the US stock market cannot hold, there is still a high possibility that BTC will be dragged down.

In the 1H level BTC decline, there were three instances of short selling volume
After the first volume increase, it continued to decline and set a new low
However, the subsequent two instances of volume increase did not see follow-up from short sellers
Instead, it directly formed an upward trend
This also reflects that although there are many short sellers at the current position, strong short sellers lack interest in participation

But BTC has shown relatively strong performance after the second test at the bottom. The K-line over the past two days, whether in terms of body or volume, indicates a strong buying support in the range of 77000-75000. If the US stock market rebounds subsequently, BTC is very likely to break through 84000 strongly.

Recently, BTC has not shown a strong rebound after testing the bottom for the second time
This is largely due to the poor performance of US stocks at key testing positions
There are no signs of a rebound, and it even continues to probe lower
However, it has not broken down currently, and the trading volume has gradually increased during the decline
This itself is a sign of being oversold

BTC ETH在关键位置的支撑都出现了小级别结构转换
晚间回踩可以留意缺口能否出现更高低点