Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-23)

Trading in the market is sluggish, and the number of new entrants is increasing
1. Market Trend <br/>The current price of Bitcoin is 3980 yuan, which is basically the same as yesterday's price, and it is still fluctuating slightly between 3950 and 4000. It fell slightly to 3960 in the morning, which was the fourth drop since the 21st, but it soon returned to the original position. If it drops below 3960 again, it should be bearish, and those who go long should stop loss. If it rebounds and can trade sideways above 3980, it is relatively bullish. Short-term operations are not suitable, and wait and see are the main focus. The daily K-line has received below the dead cross position. If there is no sharp drop in the next few days, it means that the market is still bullish. The weekly K-line is a bit like a large double top. If it drops below 3800, the market will be bearish as a whole. The best case is to trade sideways above 3900, waiting for more funds to enter the market to take over the mining selling pressure.
According to the data, there were more bearish traders yesterday, but the price of the currency was suppressed and could not go up. The recent long and short indexes tend to be bullish. The newcomer index has rebounded to 85, the highest point in the past month. The slow rebound of the newcomer index this time is an invisible positive for the bulls. The mid-term strategy is still to buy on dips, and you can also try to place orders around 3900. If it falls below 3800, you should consider stop loss. 2. The long and short index looks at the recognition of the value of Bitcoin by the OTC market <br/>The figure is the long and short index per hour. 3. The newcomer index looks at the relative amount of funds entering the market <br/>The figure is the newcomer index calculated on a daily basis.