BTC weekly chart is OK. Although there is a downward spike, the funds are obviously protecting the market. The previous low has not been broken, and panic is not necessary for the time being.
Although the 5-day line failed to test 100,000 US dollars, the attitude is OK.
The 3-day line has strong support at 95,500, and the signal of stopping the decline has initially appeared. It needs to fluctuate to determine the bottom.
The 2-day line fell with shrinking volume, and the indicators are flat. It is expected to change in the middle of the month.
The 1-day MACD broke below the zero axis, and the rebound volume was insufficient.
There is a bottom-up trend at the 12-hour level, but it is unstable. The rebound pressure is 97,500-97,900, and it is expected to reach 98,300.
The long-term bulls protect the market in the long cycle, and the small-term shrinking rebound is weak, which may be to suppress the market and absorb funds. There is no need to follow the trend when the market panics. The dealer needs chips to pull the market, and don't cut the meat easily when the small currency explodes.
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