4.30 Bitcoin rebounds strongly! Will the bulls continue to win and continue to rise?
Bitcoin started a downward trend yesterday. When the one-hour level fell to around 62,000, the K lines began to overlap and a temporary decline signal appeared. Subsequently, three consecutive positive lines began to show a small rebound. At this time, the red volume of the macd below can also be observed. The energy column begins to show shrinkage signals.
Subsequent bullish energy continued to fail, and the downward trend started again. The price once again fell to around 62,000. The short sellers wanted to try to break below 62,000 again. The long and short competition for the key support level here is very fierce. It can be clearly observed because the market fluctuations are very large. of.
We can observe from the subsequent market situation that a big Yin and Big Yang line appeared here. In the end, the bulls won. A big Yang line appeared at the one-hour level. The closing price was much higher than the highest point of the Big Yin line, and this big Yang line directly broke through. The one-hour Bollinger Bands mid-track position. The subsequent market trend is that the bullish trend will continue, and it will step back to the middle track of the Bollinger Bands and continue to rise.
So far, the price of Bitcoin's rebound has reached a maximum of around 64,700, and then the price closed a big negative line and fell just one hour ago.
We observed from four hours that it turns out that the price rebound has reached the upper limit of the four-hour Bollinger Band, which is also the high point of the previous band. This is a multiple resistance position.
Because the one-hour big negative line appears, it means that the strong short forces have re-entered at this multiple resistance position. They prevent the price from continuing to break through this position. The intentions of the short sellers are very obvious.
However, from the four-hour observation, two very strong positive lines have been closed at the four-hour level. This is the strongest positive line that has appeared since the shock and decline, so the current bullish power cannot be underestimated.
Therefore, it is expected that at this resistance position, there will be a new round of fierce game between long and short.
But I found that at the four-hour level, the macd below has now formed a divergence trend from the price. I think from this perspective, the bulls should be able to continue to win in this round of games and continue to extend the power of the bulls, which means that the price There is a high probability that it will continue to rise.
Of course, you can also wait for the confirmation signal that the price continues to break through the previous high before entering the market. By then, the power of the bulls will be stronger, and the winning rate of going long will be higher!
