BTC may test the support of 7700 ~ 7750 USD again within the day, and the transaction volume becomes a key factor

According to the OKEx spot display, as of the start of the European session, BTC temporarily reported at $ 7858.1 (1.16%).

Yesterday, BTC rose to $ 8,100 shortly after the bears quickly exerted their efforts to suppress the currency price again. Several tentative rebounds in the early hours of this morning failed to regain the $ 8,000 mark. OKEx analyst Neo believes that the sudden increase in selling volume at 8 o'clock last night and much higher than the rebound of the previous hour, indicating that there is still a certain amount of short-selling funds active around $ 8,000, so to a certain extent it can reflect the trend of anti- The difficulty of turning is not small. If the 4-hour level can stand on the US $ 8,250 to form a bullish double bottom pattern, it proves that there are more funds in the area to "sell the bottom" and the market outlook is bullish. If a three-base pattern is formed, it will usher in a phased consolidation market, which means that the main funds need to absorb enough chips before making a breakthrough. Therefore, investors need to pay attention to the resistance strength of $ 8200 ~ 8250 and support near $ 7700. strength.