Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-06-2)

The price difference between the domestic and foreign markets has narrowed, waiting for consolidation to re-select the direction

1. Market trend <br/>The current Bitcoin price is 3580 yuan. Yesterday, it reached above 3620 twice, but was suppressed. From the price pattern, the two fluctuations are "fast rise and slow fall". After the rapid rise, the price fell slowly. In layman's terms, it is "suspected of shipment". The daily K-line still needs time to repair the deviation. The best situation is to form a double top, the price goes up a little, and then pulls back to repair. Now the price fluctuates by tens of yuan every day, and there are more opportunities for short-term high selling and low buying.
The current price is still oscillating between 3460 and 3660. 3560 can be seen as the short-term long-short dividing line. The middle track of the 12-hour line's Boolean line is around 3400. For medium-term long positions, you can buy one-third of the position at the current price, and the remaining positions still need to wait patiently.
2. The Newcomer Index looks at the amount of funds entering the market <br/>The figure shows the Newcomer Index at the 6-hour level. Yesterday, the Newcomer Index was still 90 (100 is the highest value), which is still at a relatively high level. In a few days, the Newcomer Index should return to the normal level of around 70.

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

The chart is the hourly long-short index. The data shows that around 3,600 yuan, there are more people who buy the dips and go long. Perhaps it is because there are many people who waited and watched in the early stage, and they are eager to enter the market after the price correction. However, the daily K-line is not very bullish, and short-term long positions still need to pay more attention to market changes.