The BTC daily chart shows the KDJ at the top flat, and the MACD indicator's bullish momentum continues to rise, exceeding the levels of recent months, with the DIF soaring high. Additionally, it is worth noting the trading volume (Vol), as a large bullish candle has reappeared after the first bullish decline.
From the high of 87180 on the 9th, the market faces the tail end of a bullish decline. In this situation, even if it doesn't fall, there might be some pullback, but capital is once again pulling up strongly. As a retail investor, I won't speculate too much on where this problem arises.
Currently, there has been a relatively short large bullish candle, followed closely by today's short bullish candle. It is well known that BTC usually experiences upward movement from 4 AM to morning, but recently it is clear that the bullish energy is weakening.
At this current position, combining the analysis of indicators:
The market will either oscillate slightly upwards for a few days before rising again. However, considering the short trading today, this type of food 789, the slight upward oscillation around 76400, 76900, and 77180 is unlikely to occur.
The second possibility is that bearish energy is starting to appear. Coupled with the positions of the KDJ and MACD indicators, the distance between the K line and MA10 and EMA12 is too large, making a significant pullback highly probable.
Although there are multiple opportunities for both sides during this large increase in contracts, as we have reached this critical position, it is advisable to focus on short positions. Of course, going long at lower levels is also acceptable, but please set stop-losses to prevent getting trapped if a pullback occurs.
If you have the "Short Exploration Method," then these are all easy to grasp.
Now we need to keep an eye on the trading volume of this bullish bar on the daily chart. If it remains short this evening, then there is no need to say more about tomorrow; a significant pullback will begin.
