Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2017-01-25)

The price of the currency is dull and many people are watching
1. Market Trends <br/>Today is January 25, 2017. The current price of Bitcoin is 6250 yuan. In recent days, the price has been hovering around 6200 yuan in the morning, rising to 6400 at noon, and then being pushed back to the original position. Yesterday was no exception. When the handling fee was collected at 12:00 noon yesterday, the price once again rose to more than 6400 yuan, but the whole trend shows that the selling pressure is still relatively large. If the weekly closing price this week is lower than 6200 yuan, it will remind people that the weekly line may have a double top trend, ending the rebound since the drop of 8000 yuan and ushering in the second decline. The daily K-line should have risen in volume and passed the golden cross, but it was blocked by the MA30 period moving average. The continuous sideways movement may wear down the fighting spirit of the bulls. We suggest that it may be a signal of a good market when the volume breaks through 6400 and stands firm for more than one or two days. The 2-hour line has a similar arc top pattern. If it breaks below 6180, the market will turn bearish. The 4-hour, 6-hour and 12-hour lines are all approaching the death cross position.
From a simple technical analysis, the K-line pattern is not optimistic. From a data analysis, the long-short index also shows that the current situation is not so optimistic, and there are relatively more bearish people. Again, if the price of the currency can be stabilized above 6,000 yuan around the Spring Festival, then it will be a relatively strong market. In addition, it should be noted that the current market has begun to charge transaction fees, and the spread between the first bid and the ask price is relatively large. Pay more attention when operating. Because of the cost of handling fees, the arbitrage robot has also temporarily stopped running, and the currency prices of various platforms have begun to expand.
Today is the last market analysis before the Spring Festival. Starting tomorrow, we will suspend daily analysis articles until February 3 (the seventh day of the Chinese New Year). I wish you all a happy new year, good luck in everything, and great wealth!
2. Long/Short Index