Bitcoin (BTC) rebounded to $58,000. Will it rise to $60,000 next?
Bitcoin's three-day line closed. Today, let's analyze the trend of Bitcoin:
One look at the overall situation, determine the bull and bear, and break the stage;
Bitcoin is currently in a bull market, and the bulls are in a volatile trend in the upward attack stage.
Bitcoin's three-day line market has fallen several times and stepped back below $54,500, but it has not effectively broken, indicating that the support below is very strong.
The first blow, the second, and the third are exhausted, indicating that the short-selling force is gradually weakening.
The callback on July 4 showed two hammer lines, and the subsequent cross morning star market reversed.
The callback on August 3 showed a long shadow with a large volume, and a bullish engulfing market reversed.
The callback on September 5 also had a long lower shadow, and the price did not break the previous low again, and then closed a piercing pattern, which was more effective.
Based on the clues of the above market trends, it can be concluded that after the shock ends, the probability of the market rising is greater than that of falling.
It will only get better and better in the future, and the main bull market is approaching.
One point I want to make here is that the weekly line is used to distinguish the conversion of Bitcoin bull and bear cycles, not as a short-term trading decision.
For seizing the big bull market in the currency circle every four years, grasping the entire bull market trend is crucial.
No level, no trading. The level I analyze is to track the trend. To really operate on individual coins, it is necessary to judge through the daily level and find accurate buying and selling points in four hours.
Choose the trading level and currency type, and formulate different trading strategies according to different stages, plus position management, asset allocation, and risk control system. These are the perfect preparations we need to make before entering the market.
