Qingmei Zhubi: Bitcoin is either rising or falling, it can’t stay still
Bitcoin has pulled back to the downward trend line again, which may also be the upper edge of the large triangle. In terms of indicators, there are signs of a secondary top divergence in the 4-hour chart, and it is not appropriate to close with a negative line again.
The interest rate cut will be finalized in the early morning, and the rise and fall are unclear. Judging from the K-line alone, the daily line + 3-day line + weekly line have bottom divergence. If there is no big rise, there will be a big fall. The sideways trend is basically unstoppable.
A big rise would mean reaching 70,000, or challenging the high of 73,700.
The big drop will test the support between 43,000 and 45,000.
Japan will hold its interest rate meeting on Friday. If it raises interest rates again, it could become a black swan and things will become very difficult to predict.
