Can Bitcoin (BTC) still break through $30,000?

BTC has become the focus recently, and everyone is speculating whether the market can break through 30,000 US dollars! This issue can only be looked at from a technical perspective. It is also critical to observe whether the bulls still have enough potential to continue to rise. The 3-day line has just closed today.

From the K-line trend in the figure, we can draw the following points:

1. After the market fell to 25,000 US dollars, there were two waves of rise, and the high and low points were gradually rising.

2. The second wave of rising volume can be relatively even, and there is no sign of shrinkage.

3. The two rising waves are all trying to reach the pressure level above, but so far they have failed.

4. The last 3-day line has a negative line with long upper and lower shadows, indicating that the pressure near $28,637 is relatively strong.

It can be seen from the above 4 points that the market is currently in an awkward position. The top is a heavy pressure range, and there is support below. The long and short are relatively anxious, and the recent wave of rising K-line entities is getting bigger, but The amount of energy has not been gradually increased.

This also shows that the momentum of bulls rushing to this position has begun to weaken. Whether it continues to rise or fall, it needs to take a break. For those who want to grasp the subsequent market, they need to cheer up. Because once a reversal signal appears, whether it is rising or falling, there will be a good space. Especially those who pay attention to the market of copycats need to keep an eye on the trend of BTC.

Personally, I suggest you pay more attention to the market trend on the daily line. If there is heavy volume or a strong reversal signal on the daily line, then a new round of market may appear. For now, it is still difficult to break through 30,000 US dollars in one fell swoop, but as long as If the pie does not fall, the market situation of copycats is still worthy of manipulation. After all, copycats have been very popular recently, and strong coins will definitely continue to perform.

The market is still going on, and there is still time. I hope everyone can keep up! If you think the article is helpful to you and can solve some of your doubts, you can come and chat with Brother Ming!

You can use your little hands: like, follow, and retweet! I am Brother Ming. I have been in the trading market for more than ten years. If you have any questions, you can go to Brother Ming privately. Choice is greater than hard work. The circle determines your destiny! #BTC $BTC