Bitcoin began to fall significantly around 11 p.m. on the 13th, reaching a low of $62,050, but soon made a V-turn and pulled back above $63,000, then fluctuated around $62,500, and then suddenly rose sharply from $62,500 at 11 a.m. this morning, rising to a high of $65,188, setting a new high for this month. As of the time of writing, the price was quoted at $64,830, up about 3.1% in the past 24 hours.
　
Bitcoin four-hour chart
　

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First of all, according to the Bollinger Band indicator in the Bitcoin 4H level chart, the current price has broken through the upper Bollinger Band, which is an obvious upward signal, indicating that the market sentiment is relatively optimistic. Currently running near the upper band, although it will bring some callback pressure in the short term, as long as the price can maintain between the middle and upper bands, the market will still maintain a bullish trend.
　
Secondly, according to the KDJ indicator in the Bitcoin 4H level chart, both the K-line value and the D-line value are in the higher overbought area, but the J-line value slightly turns downward, indicating that there may be a risk of a callback in the short term. Although the KDJ indicator is displayed in the overbought area, as long as the K-line value and the D-line value do not show an obvious dead cross signal, there is still a possibility of continued rise, and the formation of the dead cross needs to be paid attention to in the future.
　
Finally, according to the MACD indicator in the Bitcoin 4H level chart, the DIF line crosses the DEA line upward, and the two lines are radiating upward, which is an obvious bullish signal, and the current upward trend is relatively strong. At the same time, the MACD red bar chart is growing, indicating that the upward momentum is also increasing, and the current market is still biased towards a bullish trend.
　
Bitcoin one-hour chart
　

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First, according to the Bollinger Band indicator in the Bitcoin 1H chart, the current price has broken through the upper Bollinger Band, which is a strong bullish signal, but the current price is far from the upper Bollinger Band, indicating that the market is currently overbought. At the same time, the price has begun to fluctuate near the upper Bollinger Band, indicating that the price may be adjusted in the short term and adjusted to the middle Bollinger Band to find support.
　
Secondly, according to the KDJ indicator in the Bitcoin 1H level chart, the K-line value and the D-line value are both in the overbought area above 80, and the J-line value has begun to turn downward, approaching the intersection of the K-line value and the D-line value, with signs of forming a dead cross. In the short term, there may be pressure for the price to pull back.
　
Finally, according to the MACD indicator in the Bitcoin 1H level chart, both the DIF line and the DEA line are at high levels, and the DIF line is higher than the DEA line, indicating that the current market is in a bullish trend. However, the MACD red bar chart begins to shorten, indicating that the upward momentum has weakened and there is a possibility of a pullback in the short term.
　
Comprehensive analysis shows that according to the Bitcoin 4H chart, Bitcoin still maintains an upward trend in the short term, and the upward momentum is strong. However, the KDJ indicator is in the overbought area, and there is a risk of a callback at any time. According to the Bitcoin 1H chart, the MACD red bar chart is gradually shortening, the upward momentum has weakened, and the KDJ indicator shows signs of forming a dead cross, and a callback may occur in the short term.

In summary, the great master gives the following suggestions for reference
　
It is recommended to short Bitcoin when it rebounds to around 65,000, with a target of 63,700 and a defense of 65,450.
　
It is recommended to go long on Bitcoin when it pulls back to around 63700, with a target of 65500 and a defense of 63200.
　
It is better to give you a correct idea and trend than to give you a 100% accurate suggestion. After all, it is better to teach a man to fish than to give him a fish. Suggestions can make you money for a while, but ideas can make you money for a lifetime! What matters is the idea, the grasp of trends, the layout of the market and the planning of positions. All I can do is to use my practical experience to help you so that your investment decisions and business management will go in the right direction.
　
Writing time: (2024-10-14, 21:00)
　　　
(Text - Daxian Shuobi) Hereby declare: There is a delay in online release, and the above suggestions are for reference only. The author is committed to research and analysis in investment fields such as Bitcoin, Ethereum, altcoins, foreign exchange, and stocks. He has been involved in the financial market for many years and has rich experience in real-time operations. Investments are risky, and you need to be cautious when entering the market. For more real-time market analysis, please pay attention to the 伀重hao Daxian Shuobi to discuss and exchange together. #BTC突破6W5