The direction is clear, no simulation or ambiguous analysis is done, for reference only
News: Today's Fear and Greed Index is 67, down from yesterday. 1. On-chain data shows that 15,000 BTC flowed into the exchange yesterday. The reason for the crash turned out to be here. 2. Tether issued an additional 1 billion USDT on the TRON chain, which is good news. 3. Ordinals' cumulative fee income exceeded 3,500 BTC, and the minting volume exceeded 47 million. Ordinals is the dark horse of the next bull market. 4. Hashdex submitted an S-1 amendment to the SEC for its spot Bitcoin ETF. It is highly likely that it will be passed in January next year. 5. This week, several central banks including the Federal Reserve announced interest rate decisions, and there is a high probability that there will be no interest rate hike, which is good news.
Technical aspect: Bitcoin plunged to the lowest level of 40,200 at 3 am, but fortunately it did not effectively break 40,000 US dollars, and then rebounded to around 42,000. The risk of eight consecutive positive days just analyzed at the weekend. The weekly level needs to step back. The sharp correction at 10 am yesterday caught many people off guard. At present, it is not clear from the weekly line whether this round of bull trend has reached the top. It needs to be judged at the 4th level, because the end of a round of market is driven by a small cycle. At the daily level, step back to the middle track of Bollinger. As long as it does not effectively fall below the middle track, the trend is still there. At the 4-hour level, pay attention to whether the ant channel is closed. If it is closed for the first time, the rebound will be reduced by 50%. If it is closed for the second time, the rebound will be reduced by 30%. If it is closed for the third time, the rebound will be cleared. #币圈行情分析 #BTC趋势
