BTC intraday market analysis
Bitcoin weekly K closed with a big positive, and the price just stood on the Bollinger middle track. After the daily K closed with a big positive on Friday, it closed with positive cross stars for two consecutive days on Saturday and Sunday. This shows that although the bulls are strong, there is also pressure from above. Don't force high-level chasing.
From the short-term level of 4 hours, Saturday and Sunday have been in a sideways state.
In the morning, there was another false pull of 65175. Now the price is oscillating around 64000. As long as there is no deep retracement, the bullish structure can be maintained well. This week, pay attention to the upper pressure of 66666 and 68000.
From the short-term 4-hour level, the Bollinger Bands began to close slightly, and the MACD short energy value began to increase. KDJ went down after the dead cross. There is a need for retracement, but how strong the retracement can be, this needs time to verify!
