OURBIT Daily Solution: Bitcoin's uptrend weakens and short-term unstable downtrend continues

OURBIT Gold Medal Analyst Bi Xiaosheng: Yesterday, BTC announced a decline. After the market faced resistance above 11500 early in the morning, the market continued to move above 11350-11500. At 8pm, the bull went up and up around 11550. Then it fell around 11300, the lowest in an instant, and so far the market has been trading between 11300 and 11450. Indicator: BTC has risen above 11550 and starts to decline after reaching resistance. At the one hour level, the market is moving towards the operation of Bollinger Bands, the MACD line is rising and the 3rd KDJ line is moving. Daily market levels run in Bollinger Bands KDJ 3 line diverges downward and MACD Jincha high speed slow line moves upward. The market fell shortly after breaking from yesterday's high at 11550. The uptrend did not continue, indicating a high level of resistance. Short, strong runs are dominated by short rallies. High resistance levels are around 11550 and low support levels are around 11300 and 11150. Respond to needs and pay attention to risk management.