Bitcoin four-hour chart
According to the analysis of Bitcoin's 4-hour chart, we can observe several important indicators:
The MACD indicator shows that the DIF line crosses the DEA line to form a golden cross, and the red bar chart gradually enlarges, which shows that the bullish force is increasing, indicating that the price of Bitcoin may show an upward trend in the short term.
The KDJ indicator shows that the three-line values are currently hovering around 50, and the K-line value and the D-line value have a tendency to stick together. Although the KDJ indicator is in the middle area, it is necessary to pay close attention to whether a new cross will be formed. If the K-line value breaks through the D-line value upward to form a golden cross, a short-term upward trend may occur.
The Bollinger Band indicator shows that the current price is oscillating between the middle and lower tracks of the Bollinger Band channel at around 67747, and the Bollinger Band opening has converged, indicating that the market volatility has decreased. The current price is close to the middle track. If the price can effectively break through the middle track and stabilize, it is expected to further impact the upper track of 68822.70. However, if the price falls below the middle track, it may move to the lower track near 67140.
Based on the above analysis, multiple indicators show the possible trend of the Bitcoin market, but we still need to remain vigilant and pay close attention to market changes. In particular, we should pay attention to whether the KDJ indicator forms a new cross, which may trigger short-term market changes.
After comprehensive analysis, we found that Bitcoin may show signs of rebound in the short term, but we need to pay close attention to key technical indicators to confirm the trend. In particular, we should pay attention to the further trend of MACD and KDJ indicators, and whether the price can break through the middle track of the Bollinger Band.
Based on the above analysis, Kong Boshi gives the following suggestions for reference:
Suggestion 1: Consider shorting around 68200, with the target set at 67200 and the stop loss set at 68800.
Suggestion 2: Consider going long around 67200, with the target set at 68200 and the stop loss set at 66800.
These suggestions are intended to provide a reference based on current market conditions and technical indicators, but please be sure to make decisions carefully and adjust your trading strategy based on actual conditions.
