The market has a good start with a high point of 34,655 USDT. Breaking 35,000 USDT is still very promising as the bullish news is constantly coming out. Recently, the Israeli Investment Fund Group reported that they have invested 2.3 billion U.S. dollars in Bitcoin. The long/short ratio of BTC Contract is 0.91, and shorts are more dominant. From a technical point of view, within 4 hours, the MA5 line and the MA10 line turned down, and the shorts continued to increase in volume. RSI and KDJ are flat; MACD moved below the zero axis; Bollinger band is narrowing, and MFI turned down. There is a high probability that the market will have a downward fluctuation, and there may be a climb in the evening.
At present, there is a short trend in the market, but the data shows that individual investors tend to buy long when the price falls. The bottom should be at 33,500 USDT, and we can long around this price. If the price breaks through 35,500 USDT tonight, the price will go straight to 36,000 USDT.
At present, there is a short trend in the market, but the data shows that individual investors tend to buy long when the price falls. The bottom should be at 33,500 USDT, and we can long around this price. If the price breaks through 35,500 USDT tonight, the price will go straight to 36,000 USDT.