BTC Market Analysis

Daily level

1. In the market of moving averages, after the breakout and the subsequent pullback failed to retake the moving average, the coin price continues to drop, already hitting a new low. At the same time, the entire moving average is also under pressure, which is sufficient to form a downward trend. Therefore, this week we will continue to wait for a series of declining markets.

2. In the Bol market, we have seen that with the arrival of the fall, the upper and lower bands have been stretched, so it is worse than today's yin line, if the negative line is received again today, then tomorrow is the moment of collapse;

3. In the market of quantitative energy, the trend of VR has not taken a sharp turn with the decline of currency prices, but has continued to stretch, and the temptation is still ongoing; In the trend of OBV, although the current market continues to fall, it has not destroyed the trend of OBV, and it is still above the moving average, so it is necessary to get out of the market of definitive decline, only in this way will the market really collapse;

4. In the context of the potential market, both RSI and MFI continue to resonate downwards, indicating the possibility of a bearish arrangement. This possibility can be confirmed if a bearish candlestick forms today, in which case a sharp decline will arrive as expected; in the CC market, the zero line is still out of reach, so the daily level is in a downtrend.

5. In the current market, which is balanced at a glance, it has become completely irreversible, as the terminal cloud continues to exert downward pressure, and a downward channel is imminent. However, it is clear that if a trend decline does not form, then in the future it will also expand. It is only in May that we may see a rebound hitting the cloud. Therefore, the current market is either in a sideways trend or experiencing a sharp decline.

In summary: the daily market has only one point today, waiting for the arrival of consecutive bearish days. If the consecutive bearish day is completed today, a sharp decline will arrive as expected tomorrow.

4-hour level;

In summary: the entire 4-hour period has entered the final consolidation zone following another drop. Based on the volume, the retracement volume has not returned, so a new low is expected in the future.

Market Indicators

FGI Index: Looking at today, it has already entered an extreme fear market, so in the future, it is necessary to break out of the panic market, and then the coin price will trigger after consecutive declines.

BTC Long-Short Ratio: Looking at today, with another decline, the market's bottom-fishing army has once again entered; the traders have cultivated short-term trading sentiment for 2 months, which is now fully in place. Whether this wave can net profits depends on whether the daily chart can continue to show red candles.

BTC Market Cap Share: The market cap share of BTC has reached a new high once again, indicating that the market needs to undergo a phase of blood renewal, which means BTC is strengthening consensus. Therefore, the entire crypto circle will complete a major blood renewal through a price drop.

BTC long position: At present, the BTC bulls are still sucking chips slightly, and they are not in a hurry to be fierce before, but it can be clear that there is no sign of the completion of the chips, so the market will not get up in the short term; In the future, we need to see the distribution to be able to consider the arrival of the bottoming up.