#BTC finally stood back on the upper track of the daily line after 33 days!
The Trump incident that happened in the early morning cannot be judged as a positive for the crypto market, but due to the outbreak of emotions, Bitcoin did complete the rise and breakthrough.
The daily resistance level of 59,400 (the latest position updated today) mentioned many times before, broke through and stood firm at this position, then Bitcoin returned to the upper track of the daily Bollinger for the first time after 33 days. Once it stabilizes, the risk of falling will be smaller.
At the same time, the mid-line of the daily line has begun to shift, and the price has gradually affected the direction of the moving average after the breakthrough.
But it should be noted that after comparing the trading volume data of Bitcoin with Saturday, it is basically the same. Today's rise has not increased in volume, and the liquidity is not high. At the same time, the RSI sentiment has risen rapidly to 48 in the short term. In the case of rapid rise in sentiment and insufficient increase in the market, I am afraid that the bullish sentiment will be exhausted soon.
At the same time, if the rise is not large, it is very likely to bring "safety risks" to the stability of this position in the future. It coincides with the weekend market. Although the probability of stabilizing at 59,400 bulls has increased, it is recommended to wait for the increase in trading volume and liquidity after the opening of the US stock market on Monday or even Monday night before making an accurate judgment.
To put it bluntly, today's breakthrough and stabilization above 59,400 still need to wait for verification after the active market on Monday.
PS: But still congratulations, the key breakthrough that lasted for a month is a good sign.
