Judging from the Bitcoin 1-hour K-line chart, the current price is oscillating between the upper and middle tracks of the Bollinger Bands.

Although the general trend has not yet been clarified, it is worth noting that the price of the currency has broken through 58,000 points, which shows that the bottom support is relatively stable, and yesterday's decline and retracement showed a certain support strength.

The MACD indicator shows that the two lines are parallel and slightly downward, indicating that the current trend is mainly short-selling, but the short-selling momentum has not increased significantly.

At the same time, the three lines of KDJ are running upward, and the trend is bullish. Overall, the market may continue to rise in the short term.

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