Today, the Bitcoin is oscillating slightly in the range of 105000-106000, with the market in a calm oscillation period, lacking a clear trend, and overall sentiment is low, with trading volume significantly decreasing.
Currently, from an hourly perspective, MACD shows a weakening trend, and DIF is approaching the zero axis with further downside risk. On the daily level, DIF and DEA are deep in the bearish zone, indicating that there is still adjustment pressure in the short term.
RSI remains fluctuating in the 45-50 range, showing that the oscillation pattern has not been broken.
The EMA7 on the hourly chart has started to run downward, indicating weakened support, which suggests a trend reversal; on the daily level, EMA7 continues to exert pressure, and the short-term trend may continue to pull back.
If there are negative news in the evening, we will continue to look downward; otherwise, short positions should exit and switch to long positions. When the army comes, block it; when the water comes, cover it with soil, provided that we do a good job in position management. We are not afraid of anyone! Feel free to ask if you're confused or scared.
In the evening, Yumi continues to rebound along the Silk Road.
Bitcoin
Looking down from 105400-105700 to 104500-104000
Yita
Looking down from 2630-2640 to 2580-2550
