#BTC daily analysis
Affected by the Trump assassination incident, Bitcoin continued to rise overnight, reaching a maximum of around 61,700. The market continued to close in the morning, and the weekly physical positive was still strong. It will continue to rise before there is a top adjustment pattern of rising high and falling back. , don’t say anything about being strong, just go with the trend.
Judging from the 4-hour chart, the market is rising in steps and is still rising strongly. However, this wave has a large space to release. From the Fibonacci perspective, the market will be accompanied by a deep and rapid decline, that is, a local high-testing and falling move. If it intersects with the trend line near 60200, then the fall of this line will directly lead to long positions. The moving average is turning upward, going wild all the way, and the OBV indicator is also stepping back from the yellow line and upward trading is active. Overall, keep low and long participation first.