Breaking news! ! !
Bitcoin has a double bottom reversal, and altcoins are about to take off!
A bearish turn came as Bitcoin and Bitcoin fell in market value, falling 2.04% on Tuesday and 3.13% on Wednesday. The price chart shows a third consecutive bearish candle, with an intraday decline of 0.54%.
The bearish reversal comes from the local resistance trend line, which is testing the key support level of 0.03850 BTC. However, the daily RSI line shows a bullish divergence, indicating a double bottom reversal.
In addition, the intraday cross star candle indicates that the morning star of the bull cycle will reach the upper line. Therefore, with the potential rebound of Bitcoin, altcoins are likely to pull up again.
This week, broader market sentiment will be a key driver of the altcoin market.
When the global market is in a downturn, the cryptocurrency market has the same fate as the global market.
With Bitcoin's small recovery, the altcoin bull market may also emerge.
The price of Bitcoin showed a morning star pattern in the daily chart, rising 0.59% intraday.
Currently, Bitcoin is around 61,000 after a sharp drop. However, in view of the morning star, the sentiment of the altcoin market may recover this week.
And it was mentioned today that the fastest rebound may be meme?
I am Lao Li, a blogger who focuses on freshness! ! !
It is better to teach people how to fish than to give them fish.
Whether they are novices or experts, investors in Biquan can gain not only financial gains from Lao Li, but also growth in investment knowledge and experience.
In the process of following Lao Li's investment, Lao Li will not only provide investors with analysis ideas of the market, basic knowledge of watching the market, and methods of using various investment tools, but also bring you wonderful fundamental interpretations, sorting out the chaotic international future, and identification of various investment forces.
Let you become both a winner and an expert in investment!
