5.20 Bitcoin has a chance to break through today! Pay attention to the signal!
From a short-term perspective, Bitcoin had a wave of failed breakthroughs last night. After failing to break through, the price began to pull back downwards, but so far the price has not started a downward trend. The price has pulled back to around 65,800 and then began to rebound slightly. It seems that the price will continue to try to break through upwards today.
But we must also be careful. If the breakthrough continues to fail this time, the price will most likely start to fall again.
Then we look at the four-hour chart. After this wave of failed breakthroughs, the price fell directly below the middle track of the four-hour Bollinger band, but it rebounded before it completely fell to the lower track. Now the price has begun to show signs of pausing. We can clearly find that the position where the pause is blocked is the middle track of the Bollinger band.
If the price continues to rise and stands on the middle track of the Bollinger band, then I think today's price has a chance to break through successfully. That is to say, after the price comes above the middle track, we can find an opportunity to go long, and at that time the price is likely to break through directly!
But if the price falls back below the middle track and reaches the lower track, the rising situation is not optimistic, so when the price breaks down, everyone must be careful not to be liquidated.
For those who have not yet boarded the train, I think when the price reaches the upper track of the four-hour Bollinger band, you can find an opportunity to chase more.
From the perspective of macd, the fast and slow lines are now forming a dead cross above the zero axis, but because there is a small rebound trend in the short term, you can now see that the red volume column is beginning to shrink.
Therefore, the fast and slow lines of the next four-hour macd have the opportunity to continue to form a golden cross above the zero axis, so friends who are more stable at the moment can continue to wait for the formation of a golden cross before continuing to chase more.
