Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-06-15)

Short-term normal callback

1. Market trend <br/>The current price of Bitcoin is 4590 yuan. Yesterday and the day before yesterday, we warned people not to buy too much for two consecutive days. The price fell back to the suggested point of 4450 yuan as expected. After the fallback, it quickly rebounded to more than 4600 yuan, and the price buying is still strong.
The price is still above the support level of 4580, but the two-hour K-line is not very optimistic. The medium-term wait and see for a few more days, trading time for space. The short-term support is 4580, 4450, and the resistance is 4650, 4720.

2. The long-short index shows the recognition of the value of Bitcoin by the OTC market . The figure shows the long-short index at the hourly level. The data is also relatively normal. When the price is high, there are more bearish investors, and when the price falls, there are more bargain hunters.

3. Sentiment Index: Market Reaction to Prices

The chart shows the sentiment index calculated on a daily basis. As shown in the chart, the sentiment index in recent days is the highest in the past six months. In the analysis on June 13 and June 14, we clearly pointed out that "do not continue to do more, and take back profits in time". The price fell back as expected. Now it is more suitable to wait and see for the short and medium term.