5.7 Evening follow-up analysis of Bitcoin Auntie's on-site market, can the rally succeed?
The afternoon market also followed the expected slow oscillation upward, breaking the 97000 point several times, but there were no signs of stabilization. Although there was a rallying trend, it still did not meet our expectations, and our layout of multiple positions had already exited early. Auntie 'oscillated upward to 1846 in the afternoon, followed by a pullback, with overall signs of oscillation and consolidation being quite obvious.
On the four-hour line, the intra-day price has been running around the upper track for a long time. After breaking through the high in the morning, the subsequent trend did not pose an effective threat to the upper side, severely suppressed by the upper track. On the technical side, after the morning's rally, the technical indicators continued to rise, but as the volume of fluctuations decreased, the upward speed gradually slowed, and signs of stagnation have already emerged. However, before it retraces below 96500, the short-term trend remains upward.
On the hourly line, the signs of maintaining a high-level sideways movement in the afternoon are quite obvious, with the upper track contracting. The technical indicators have also turned downward, increasing downward pressure in the short term. If it breaks below the 96500 near the mid-track, there will be significant space below.
For the evening follow-up, reference Bitcoin around 96500 for buying, looking at 98000; for Auntie, reference around 1810 for buying, looking at 1870.
