Last night's market saw a wave of bullish momentum at the turning point. After Yumi perfectly confirmed the Silk Road in the evening, the market stalled again in the early morning. After Bitcoin stood above 106,000, the bulls did not continue to maintain their upward momentum. On the Yita side, after touching 2,480, it retraced again.
Currently, in the morning, the bulls are gradually gaining strength, showing an upward trend. The four-hour MACD displays a bullish arrangement, with moving averages trending upward, indicating that the market may further rise in the short term. On the daily chart, the bearish trend is gradually being reversed, with EMA7 showing signs of crossing above EMA30, overall developing in a positive direction.
In the morning, Yumi continues to pull back, observing
Bitcoin
105,800-106,300 looking up at 106,800-107,200
Yita
2,020-2,440 looking up at 2,480-2,500