The intraday trend of Bitcoin

From the perspective of Bitcoin's daily trend: Bitcoin formed a double-top trend after multiple bottoming out near 60,000 on the daily level, and after a breakthrough and successful stabilization at 65,000 on October 14, the upward momentum of the market became stronger and stronger, reaching 66,500 near the previous high, and then formed a correction trend today. After further correction, the market continued to rise violently. The 68,000-70,000 area will continue to be watched in the future. The MACD indicator trend below has also recently come out of a round of golden cross trend, which further promoted the rapid rise of the market. The recent operation idea is to buy on dips.

Yitai's intraday trend

From the daily trend of Yitai, we can see that after Yitai experienced multiple drops to the 2300-2400 position area, the market also ushered in a historic rapid rise. In the process of the market rising, it broke through the 2500-2600 position successively, and stabilized near the 2600 position. There is a lot of room for the market to continue to rise. The W-shaped trend at the bottom of the daily line has reached the first round of rising position. The subsequent trend continues to look at the 2770-2900 position. The first golden cross trend of the MACD indicator on the water also brought a round of accelerated rising momentum to the market.

In terms of news: Grayscale's selling pressure has weakened, institutions continue to increase their bottom-fishing, retail investors cut their losses and left the market, and interest rates were cut by 25 basis points in November.