The Bitcoin market is in a temporary equilibrium state at night, and there are certain signs of weakening short-selling power.
The hourly chart K-line tests the lower track and leaves a long needle, suggesting that the price has encountered strong support near the lower track, causing the price to rebound. The Bollinger Bands begin to flatten, which means that the fluctuation range of the currency price is relatively stable, and there may be no obvious trend in the short term.
The attached indicator MACD short energy column shrinks, which further shows that the power of the shorts is gradually decreasing, and the direction balance is gradually leaning towards the long trend.
We continue to hold the long position of 62300-62500, and the target is around 63800! In addition, the defense can be placed at 61800!
