BTC mid-term trend analysis

8 Jul 2022

This analysis uses four technical indicators. First, EMA still has a suppressing effect. Second, the diffusion trend of Bollinger band opening is strong. Third, the price is under the central axis of Fib Retracement, indicating that the energy of shorts still exists. Finally, Stochastic Oscillator is at the bottom of 20%, indicating that it will usher in a reversal and the trend of gold cross. To sum up, I think the BTC market will usher in a small rebound, and the trend of short after the rebound.