The weekly line is a small negative line in the shape of a cross star with a long lower shadow and a short upper shadow. The trading volume is one-third less than that of the previous week, which is a state of shrinking adjustment.
The weekly MA30 line is still in a downward trend, and MACD shows an increasing upward momentum below the zero axis.
The weekly level has shown an upward trend. It only takes two positive lines for the MA30 line to change its trend from a downward trend to an upward trend.
The doji pattern with shrinking volume also means that the weekly level adjustment will soon come to an end. If fast, it will start this week, and if slow, it will start within three weeks.
Now is the time to wait patiently and buy on dips.
The daily line is a small positive line in the shape of a cross star. The trading volume is slightly less than the previous day, and it still maintains a volatile trend.
The daily MA30 line is in a slight upward trend, and MACD is close to the zero axis. After returning to the zero axis, it shows a weakening downward momentum.
The price has maintained a shrinking and volatile trend for three consecutive days to repair the K-line indicator, while also waiting for Bitcoin to show a clear direction.
The moving averages are slowly starting to change from a downward trend to an upward trend. You can still buy spot at the support level on dips. Now is the time to get on the bus, and don't be thrown off before it starts.
Daily level pressure level 14400-15500-17400 support level 11980-10800-9780-8560-7600
