BTC market analysis

1. Since the rise of BTC at the beginning of this year, it has been approaching the 2YMA line, which is infinitely close to the average price of 32,000, and has not yet broken through.

Tracing history. From March to April 2020, it was also below this indicator, and after an upward breakthrough, it began to rise for about 2 years. Another opportunity is that during the period from November 2018 to May 2019, it was also lower than this indicator, but after the upward breakthrough, this wave of trend continued for less than a year, and then fell below again. Therefore, from the perspective of K-line indicator analysis alone, aggressiveness can be entered, and the future can be expected.

2. According to the historical trend chart, draw the following conclusions, as shown in Figure 1

3. Calculate the 200-week weighted average price. At present, the K-line is consolidating up and down, which is similar to the analysis in the first point, so I won’t repeat it.

4. According to the Fibonacci golden sequence analysis of 300D weighted average, the support pressure level is shown in Figure 2

Temporarily analyze so much, come to the conclusion.

Long-term: In the initial stage of an upward trend, the possibility of a pullback cannot be ruled out. Can be fixed vote, do not buy bottom.

Midline: Currently consolidating, waiting for a breakthrough.

Short-term: The market fluctuates around 30,000, and you can listen to the live broadcast for specific orders.

**Past performance does not represent future results. Any analysis represents personal opinion only and does not constitute any investment advice. **