BTC market analysis

Bitcoin prices started to rise yesterday after testing the 53,000 front-line support below, but the market was again hit by the U.S. market in the early morning. The price began to fall after hitting 55,800. As of this morning, the lowest price hit around 53,500, basically reversing the increase of yesterday evening. At present, the price has slightly increased and is running around 54400. I also pointed out in yesterday’s article that the current price of bitcoin is relatively strong, so it is not so easy to break the position directly for the time being. Therefore, yesterday, it also relied on the 53000 frontline to enter the market and made more than 2,000 profits at night. Technically speaking, on the hour line, I think the market has stabilized with Brin taking down the track, which has been blocked by the 30-day moving average and cannot be broken. At present, the market fluctuates slowly. The upper and lower tracks gradually shrink toward the middle track, and the market tends to develop horizontally. After entering the consolidation time, the market will gradually pull back. On the hour line, although a V-shaped reversal pattern has been formed, the long position is always insufficient and it is difficult to break through. Su Qing believes that the day will focus on the top 54700 and 55900 resistance levels and the bottom 53000 key support levels. Shorting in batches near 55200–55500, targeting 54500–54200 Near the 54200–54000 batch do more, target 55000–55200