4.26 Bitcoin stopped falling and stabilized, and signs of rebound appeared! Pay close attention to market breakthrough signals and seize the new wave of rising market!
A few days ago, Bitcoin drew a striking big Yin line on the daily chart, ending the previous five consecutive positive rising trend. From a technical perspective, the price just touched the middle track of the daily Bollinger Band, and encountered resistance from the previous high point, forming an important multiple resistance level.
After experiencing a sharp correction the day before, the price of Bitcoin tried to go further down yesterday, but it was obvious that there was resistance from many parties. Observing the four-hour chart, the price quickly fell from the upper track of the Bollinger Band to the lower track, and found the key support of the previous band low here, showing a strong support effect.
It is worth noting that the price showed signs of rebound after touching the lower track of the four-hour chart, including a long reversal K-line-hammer line, and then the price rebounded to near the middle track of the four-hour Bollinger Band. Although the downward momentum is still strong, the price has encountered certain resistance here.
Currently, the price is in a critical resistance range, with the lower support level firmly at 63,000, and the upper resistance level at around 65,000. The market is closely watching which direction the price will break through.
From the MACD indicator on the four-hour chart, when the price fell, the MACD fast and slow lines once crossed the 0 axis, but then the red volume column began to shrink, and the fast and slow lines also showed a trend of turning upward below the 0 axis. These signs indicate that the price is expected to continue to break through the middle track of the upper Bollinger Band and start a new round of rising market.
Investors should pay close attention to further changes in the MACD indicator. Once the fast and slow lines form a golden cross and break through the 0 axis upward, it may be a signal of a new round of market rise.
