BTC

The current overall trend is not optimistic. The latest 4-hour and daily closings show signs of accelerated downward movement, and the upward trend line is facing a test. As long as the price does not fall below 59,800, the double bottom pattern is still valid, and the loss of the 61,000 support level has not been fully confirmed. At the same time, an oversold signal has appeared in the 4-hour chart, and a rebound may occur at any time.

It should be pointed out that the 4-hour signal is for reference only, and the real trend judgment should be based on the daily line. Although the short-term momentum has weakened in the past five days, the magnitude is not large. In addition, the golden cross has not yet formed, indicating that the callback trend is still continuing. When the market momentum slows down, you can pay attention to potential trend changes in advance. #BTC☀