It is a foregone conclusion that the weekly line will stand firm on the middle track of the Bollinger Band. In the short term, the bullish sentiment has steadily overwhelmed the bearish sentimen#BitcoinSuper Topic#Blockchain[Super Topic]#

(Figure 1 Figure 2) is the simulated trend of the Bitcoin four-hour K-line chart

Last night we mentioned that there will be an opportunity to short at 8 am this morning. Maybe we need to wait a little longer because the K-lines of the daily and weekly lines are relatively smooth

So there may be inertia extending upward at 8 am, and then there will be pin-pointing behavior, but in the short term, what needs to be considered is a retracement to participate in a long position

The high MACD dead cross on the 4-hour K-line is a point we need to pay attention to. If the rise in the morning stops, then the point we should try to figure out is around 65600-65800

And the low point below that we can see today is 63500 62800. If the price falls below 62800, then Bitcoin will usher in a door-painting market. It is not impossible to break 6 in the short term.

It is understandable that Bitcoin and US stocks are hyped up due to the Fed's interest rate cut expectations, but it is not certain whether this hype can make Bitcoin create a new high.

I think the hype of new highs in terms of price is to create liquidity and facilitate shipments. You know, when Bitcoin was around 60,000 last week, there was no trading volume, and liquidity was scarce.

Compared with the weekly chart of US stocks, such a K-line pattern has rebounded sharply, which is also incredible.

I can only say that what I have emphasized in the previous live broadcast is that the Federal Reserve can allow US stocks and their financial derivatives to fall and fluctuate, but it is not allowed to fall unilaterally, otherwise the economy will collapse.

(Figure 3) is the weekly chart of US stocks.

The current market feels like a runaway market. Take 8 o'clock in the morning as the call auction. It is very likely to start a violent decline after the pre-market rise and the continuation after the market.

But in the short term, we must respect the bullish pattern of weekly K and daily K, so we need to consider going long on the retracement.