#BTC
The second round of analysis in the morning
The Bollinger Bands still open upward, corresponding to the interval of 63240-65067, and the midline level corresponds to 64155. BTC peaked and fell below the midline and then quickly rebounded to above the midline. There is a turning point in the market here!
MA5/10 cross dead fork, MA5 down corresponds to 64465, MA10 up corresponds to 64564, MA30 down closing level corresponds to 64174, MA60 down corresponds to 65125, MA120 level corresponds to 65410! MA moving average becomes a range fluctuation arrangement! Partially negative and falling down!
MACD fast and slow lines cross golden fork, fast line closes, long volume continues to weaken, and the market has a long technical correction! RSI three lines cross and stick together with an upward trend, the three lines correspond to 48, 48, 46, and the market rebounds slightly and deviates from the K trend! KDJ three lines cross dead fork corresponding values 45, 57, 24! The market is still in a downward trend!
That is: looking at the hourly chart, BTC fell to 63800 in the morning, then rebounded to 64500, and then slightly adjusted to 64320 before rebounding. The long position is constantly consumed. The current market will fluctuate in a narrow range of 64280-64580 for a while, and try to rise again to test 65000 above. If it does not break upward, the long position will be consumed, and BTC will turn from long to short!
Explanation: BTC may try to rise again. Here we need to see whether 64800-65000 can stand firm. If it does not stand firm, it will enter the stage of falling and callback again. (Personal opinion: BTC will continue to fall if it cannot rebound. First look at the 63800-63500 below. Through the downward trend, the long position will completely turn to short and fall below 63000)
