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2023/7/30 Analysis of fine weather in the day


BTC
Daily level: BTC's volatility has fallen to its lowest point in ten years for six consecutive days. This Thursday, it was mentioned that "the bulls are starting to counterattack. The first key position is to stand firm at 29500. If the bulls can't hold on, then the target position for the next callback after the 3.18w rise is 28300." At present, the impact has been tested twice. , follow-up focus on the support position 29150/28300/27863/27500, which shows that the market is still digesting the rapid rise in the previous period, waiting for a new breakthrough direction.
4H level: The RSI indicator has entered the oversold area, Bitcoin is currently in a downward channel, and is still facing further downward pressure in the short term. The red column of MACD index shrinks, and the power of sellers may be greater than that of buyers. Prices are likely to test the psychological barrier around $20,000. The four-hour pressure position is 29635. At present, the kinetic energy of bulls is slightly stronger than that of bears. The range is 29069-29500, and the high altitude and low bulls are the main ones.
1H level: A short-term technical rebound is likely to occur, and the primary pressure above is 29,500. If it cannot break through, the probability of continuing to test the 20,000 mark is relatively high. The support line has moved to the middle and is currently at 29242.
15mins level: sideways within a narrow range, extremely poor liquidity, stock funds stay on the sidelines.
Stock flow of funds: stay on the sidelines.
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