#美SEC加密圆桌会议 24 Daily Director's Analysis - Bitcoin market is clear, if it can't break 8.8, look for a rebound at 8.5.

In the new week, Monday finally did not have a waterfall washout. Since last night, Bitcoin has been rising all the way, reaching above 8.6 this morning.

Let's first look at the daily chart, the market on the moving averages shows that with yesterday's daily candle breaking above the EMA15, the trend of the moving averages is gradually strengthening for the bulls. However, it is still uncertain whether today's daily candle can close above the EMA15. If the entire body of today's daily candle closes above the EMA15, then there will be another bullish surge coming, but the key point remains the major resistance around 88200 on the 4-hour chart.

The trend of the CCI on the daily chart is even more exciting today, directly standing above the zero line. The market on the MFI has also directly broken above 50. If the CCI does not drop below the zero line afterwards, a bullish market can still be expected.

The short-term trend of Bitcoin within the day is actually very clear now. That is to focus on the resistance at 8.8; if it can't break through and falls back, then look for a rebound at 8.5 on the trend line. Specific points have been updated in the community. 4-hour resistance at 88200, support at 84900, 83500.