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Today's market analysis - #BTC
1. The daily candlestick continues to be suppressed by EMA30, and the bullish trend does not exist without standing firm at 58500, which is consistent with yesterday's view. It is said that there is a bull trend after three positive days and a bear trend after three negative days. Don't be a sucker with a bad mentality. Keep a rational mindset (WeChat: mallqy2657761).
2.1-hourly volume contraction creates a short-term new high breakthrough of 58000, with sustainability in doubt; but it cannot be denied that EMA has returned to long positions arrangement. Based on the above two points, it is advisable to try longs around 57700 on retracement.