$BTC

Big Coin just wants to say a little to everyone

In the past couple of days, you might have seen Big Coin rising sharply, but if you think about it yourself or take a look, it has been gradually increasing over 15 minutes or an hour, then rapidly dropping back down due to resistance around 85500-86000. It has been rising slowly and then suppressed by resistance, over and over again.

Just now, Big Coin broke the strongest resistance at 86100 that it faced earlier, so don't think that there will be a massive surge to chase after.

Think for yourself, feel it out

Big Coin's daily chart is still moving around the EMA 200-day moving average, or in other words, it is still being suppressed by the EMA 200-day moving average. Moreover, the daily chart of Big Coin shows extreme bearish divergence.

This means that at this point, the bearish strength of Big Coin needs to be released, and it has become very difficult for the bulls to make an effective breakthrough.

The bearish divergence may arrive late but it will come, everyone.

So don’t chase long positions, be a bit cautious.