Since the Fed cut interest rates, the bitcoin market has risen from 59,000 to a high of around 66,500. Is this round of rise over? Or is it a restart of the bull market? The captain believes that all news is just a catalyst for the market. We still need to get information from the market, analyze rationally, and not talk about faith!

1. K-line

From the current market analysis, the trend of the big cake is relatively stable. Although there is a small upward movement, the bulls are a little weak. After the highest upward movement of 66500, the lowest price came to 64200, indicating that there is great pressure from above. However, the 4-hour line did not fall below the EMA12 day line, which indicates that the bulls will continue.

2. Indicators

- MACD: Currently, both DIF and DEA are positive, but the MACD histogram shows signs of top divergence, and there may be a risk of a pullback in the short term.

- RSI: RSI14 is close to 70, which is in the overbought area. Be wary of the risk of a pullback.

- EMA: EMA7 (65725.3) > EMA30 (64845.3) > EMA120 (62158.8), showing a bullish arrangement, and the overall trend is upward.

3. Summary

At the daily level, MACD moving average and KDJ line both start to move upward, and the long position gradually increases. For Ethereum, the technical indicators at all levels are basically synchronized with the big cake. Those who shout to escape the top and short, I want to say that those who are afraid of heights are miserable! In summary, although the current trend has a small correction, the 65,000 mark has stabilized, and the possibility of further decline is low. Just wait patiently for Monday to come, and keep the intraday operation idea low and long! $BTC

4. Recommendations

For those who are short, wait for the 1-hour level to step back to the Vegas channel. Now you can open a long position. The price will definitely rise further. Go with the trend. The bullish news has not been fully digested, and the main force has not left the market on a large scale. The weekly and monthly lines are also breaking. There are still long positions to hold patiently. Tomorrow's weekly and monthly lines can close at around 64,500. After the National Day, there is a high probability that it will rise for a few days. Look up to 67,500/68,000#队长集结今