After Bitcoin hit 55606 yesterday, it quickly rebounded to around 58500 last night, and then fell back. Based on the strength of yesterday’s rebound, Bitcoin has rebounded back to above 57900. There is actually hope for a 4h level rebound.

At present, I personally think that we can’t continue to be overly bearish here, because the decline is obviously a divergence. Even if the short-term continues to fall and breaks below 55606, it will not go deep and will rebound again. There is still demand for a rebound.

It’s just that the rebound last night failed to form an upward trend structure, and it fell to around 56,500 today. Therefore, even if there is a 4h level rebound here in the short term, it is difficult to go directly to around 65,000 or higher. It is more like a central oscillation at the 4h level.

Looking at the daily line, the previous K did not continue the rebound momentum after closing with a lower shadow positive line, but was blocked and retreated around the 7-day moving average. The Bollinger Bands opened slightly, the short-term moving average ran around the middle track, and the 7-day moving average was the current focus. The MACD fast and slow lines continued to run downward, and the volume column turned again. The volume was released, and the KDJ did not stick together to form a cross after turning upward, but showed signs of moving downward again. The VR indicator consolidated near the value of 90.

In the 4-hour chart, the K-line has moved out of the downward channel with highs and lows in the short term. The market was blocked in the middle track and then tested in the lower track. The Bollinger band opened downward, the short-term moving average formed resistance, the MACD fast and slow lines moved downward again, the volume column increased, the KDJ was blocked and turned around the 50 value to form a cross downward, and the VR indicator consolidated around the 60 value. Overall, the short-term resistance is in the range of 57,500-58,500, but in view of the non-agricultural data on Friday night, the space for short-term strategies will be larger, and more on the spot.

Operation suggestions: short in the range of 57500-58000; stop loss at 58500; take profit at 56500-55500. If it breaks through the range of 55000, it can continue to hold until around 53000#BTC走势分析