Early review: Bitcoin is at a critical point of small-cycle suppression. As long as it breaks through 63,388 points and stabilizes, it will soon continue to break upward!
The chart below is at the 4H level. It can be clearly seen that the current Bitcoin price is below the suppression point, but the momentum is very strong. The price is running on the upper track of the Bollinger Band and above the MA200 moving average, which shows that the bulls are strong now. Although the three upward breakthroughs from 12:00 am to now have failed, it does not affect the overall situation! So we have reason to believe that Bitcoin has the possibility of breaking through the suppression.
The daily K-level has not broken through the Bollinger Band middle track pressure from yesterday to now, but it is still stable above the MA200 moving average. At the same time, MACD has been running above the zero axis for 23 days, and there is no trend of turning directly downward. RSI is not in the overbought zone, so there will not be a large decline in the short term!
Yesterday, Lao Lin pointed out in his article that the market cannot be traded directly in the early trading session. I pointed out the reason why the market cannot be traded immediately in the early trading session and gave the precise position. Yesterday, the market went down again according to Lao Lin’s guidance. If you pay attention to Lao Lin’s content, I believe you have seized the opportunity again this time.
Today’s strategy: Bitcoin remains unchanged from yesterday, ETH will be notified separately!
Note: Lao Lin’s daily content is only a guide for the general direction. The specific precise layout needs to make real-time decisions based on market changes! If you still can’t grasp the market, please read my collection of works carefully (How to make leeks). I will continue to create and provide you with high-quality currency content!
