Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-06-1)

The price of the currency fluctuates greatly, and there are many short-term opportunities.

1. Market trend <br/>The current Bitcoin price is 3580 yuan. After falling below 3660 yuan last night, it went directly to 3480 yuan. It is basically consistent with our expectations and there are not many surprises. From 3000 to 4000, the callback is 50%, which is about 3500 yuan. The callback limit can reach 3300 yuan. It should be noted that after the price of the currency rises, the price fluctuation range has changed from a few yuan per day to dozens of yuan per day.
The current price is oscillating between 3460 to 3560 and 3560 to 3660. 3560 can be seen as the dividing line between long and short positions in the short term. In the medium term, you can buy half or one-third of the position at the current price. There are more opportunities in the short term, buy low and sell high.

2. Newcomer Index to See the Amount of Entry Funds <br/>In the past two days, although there were a lot of newcomers entering the market, we still have to judge the market based on the actual price trend. We constantly remind users that there were also a lot of newcomers entering the market during MMM last year, but the daily K-line was not good and there would still be a callback. Whether the new funds of newcomers entering the market are sufficient and support the current price of the currency close to 4,000, we still need to continue to observe more data.

3. The long and short index looks at the market's recognition of the price

After the price fell again in the morning, the bottom-hunting sentiment was quite obvious, which showed that the current 3560 has a certain support.