💥💥 BTC four-hour chart analysis: double bottom pattern has strong bullish signal
On the four-hour chart of BTC today, we observe a significant set of double bottom patterns. This pattern is often viewed in technical analysis as a strong bullish signal, indicating that the trend at the bottom has clearly turned to the upside.
Observing the K-line trend in detail, the piercing pattern at the bottom is clearly visible, which clearly points to the strengthening and rise of multiple forces. As the bottom and highs continue to rise, the K-line is currently experiencing the callback stage after the first wave of rise on the four-hour chart. This kind of pullback is a common healthy adjustment in rising markets and helps the market maintain stable upward momentum.
Further analyzing the MACD indicator, we noticed that it has formed a "swan spreading its wings" bottom pattern. This form indicates that various forces are actively accumulating, and the main funds are actively deploying. MACD is about to fully break through the zero axis, releasing huge upward momentum. This is a clear buy signal that BTC is expected to continue rising in the coming period.
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