$BTC Bitcoin experienced a short medium-term correction yesterday, with a retracement depth of nearly 3,000 US dollars. Today, it continued to rise slightly. Yesterday, many coin friends were frightened by the pullback and asked Xunzhang what happened. Xunzhang said that the price rebounded from 52,500 points to 60,600, with a continuous rise of more than 8,000 US dollars. There was no obvious retracement during the period, so the release of profit-taking is also understandable. In addition, the daily line just touched the 60,600 pressure line of MA 60. The technical adjustment is normal, and it is an excellent opportunity for coin friends who have not boarded the car to pedal. But in fact, many coin friends will miss the pull-up in this round of high-speed rise, because this time the rise will be rubbed by a small upward interspersed method, and finally the accelerated rise method will be adopted. Participating in high-quality currencies is a key link, which can avoid retracement and pull up quickly. At present, several currencies have been confirmed many times to have the basis for a substantial rise, which can be obtained from Xunzhang in a timely manner and analyzed!
The previous article of the medal tells you that the big cycle retracement of the entire market has been completed, and the price will start a new round of bull market. I hope you can seize the opportunity to build a position of high-quality currencies in time and hold positions and wait. The article describes multiple bullish bases. At present, the daily line of Bitcoin is still in the 60600 suppression downward trend of the large cycle MA60 of the daily downward channel. The four-hour rising channel has just formed in the early stage. Once the price breaks through 61000 points again, it means that the price has officially broken through the decline of several months and started the daily level rising cycle. At the same time, the short-term basically no longer falls back, and the arrival of 70,000 points is also a matter of course. Of course, if the price falls below today's retracement low of 57500 in the past two days, it means that the short-term rebound is over, and it will continue to adjust downward for a period of time before doing a big cycle pull-up. But the medal believes that the probability of falling below 57500 points is very small, and there is a greater probability of starting a continuous accumulation of momentum to break 61000 points and form a formal upward journey.
Since this round of bull market is different from previous ones, the speed and amplitude of currency appreciation vary greatly. For those who want to catch a big increase, pay attention to the medal in time to help you stand at a high position and pursue wealth in the cryptocurrency circle from a professional perspective.
