📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
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💰Total prize pool: 4,464 $ESPORTS
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🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
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BTC Market Analysis
1. In the market of the moving average, the current reversal has no impact on the daily line, the moving average is still pressing, and at the same time it has reached the second goal of our three-step process, that is, to do the reverse pumping action after falling below 80,000, so we should start the plan to increase the position:
2. The trend of Boll has opened up since the drop on April 6, but there has been a lack of consecutive down days. With yesterday's rebound, confirmation has been made for the breakout, so the real consecutive down days are about to arrive. We will continue to wait and look forward to the arrival of the consecutive down days.
3. In the trend of volume, if the market of VR continues to make enticing moves after the price of the coin fluctuates, then an epic decline is imminent; regarding the OBV market, yesterday's rebound brought significant energy, but whether this energy can be sustained needs to be tested over time. Now that it has returned above the moving average, we need to wait for consecutive bullish candles to confirm the breakout; if none appear, it will be defined as a certain downward trend.
4. In a potential market, the pullback here has not changed any patterns; the RSI and MFI continue to resonate downward, with expectations of a bearish arrangement. The CCI remains below the zero line, which means that the market maker has given you a chance for a high short position:
5. In the balanced market at a glance, there have been no changes today. The end cloud is forming a downward channel, and the lagging span has confirmed that the coin price has broken down. Moreover, the price itself has not surged towards the cloud, so this is the eve of a downward trend.
In summary: The daily market has reached the second step of the plan we set last week, so we boldly increase our position again, expecting a consecutive bearish collapse in 2-3 days. #BTC#