Bitcoin’s daily rate of August 16 dropped to 1007,000 yen at a time, but then rebounded strongly and reached the closing price of 109,600 yen. Despite the strength of the 1 million yen support line, prices remain below 14EMA and 53EMA.
Centered Oscillator Signal
Bearish bias signal: “Fisher (-1.05) is still falling and there is no crossing of the Trigger line (-0.73), which is a slow line.”
Bearish bias signal: “CCI (-51.0) is located in the neutral zone (100 to -100) but below the median, suggesting some bearishness.”
Bearish bias signal: “MACD (-1233) continues to decline. Furthermore, today’s daily bar starts to move below the median.”
It can be seen that there is a certain buying demand in this price range because it strongly rebounded around 1 million yen. On the other hand, prices are moving below the EMA, and the global momentum of the market is still a bearish bias.