4.21 Bitcoin daily line quietly rose for four consecutive days! Is the upward trend slowly starting?
The current price of Bitcoin is around 65,000. From a short-term perspective, the price broke through the trend line and then rebounded, but there was no follow-up force, and the price increase could not continue. At present, it is obvious that there are signs of sideways fluctuations.
Now the market can only be said to have broken through the trend line and the bearish area. As shown in the figure, if the price is still below the trend line, it will be easy to break through this key support position. Recently, the price has reached the bottom support position three times. Although there is no trend of breaking through, the price rebound is not strong, so we cannot be sure whether the price will return to the upward trend for the time being.
Then at the daily level, the price also seems to have signs of rebounding on the daily line. First of all, although the daily line just closed yesterday is not a very strong K line, it is just a cross star line without an obvious trend, but this K line is in the form of a positive line.
Looking back at the daily lines of the previous few days, as shown in the figure, you can find that the daily lines of the price in the past few days have all started to be positive lines. Although the positive lines are not very strong, the daily lines have quietly appeared four consecutive positive lines. This can certainly be said to be a sign of a rebound in the daily line.
So we can be slightly bullish now, but the larger the level, the slower the trend appears, and the less obvious it is. So we can continue to observe the signals in the short term, and the short term may move first.
As shown in the figure, the price has begun to show a trend of rising from the low point at the one-hour level. Now the price is close to the upper resistance position of the short-term. The upper resistance position of the short-term is currently around 65,000. The price is currently brewing an ascending triangle here.
If this ascending triangle pattern can break through, then the short-term level will begin to have a start signal, and then continue to rise, and the short-term level pattern signal can continue to promote the large-scale market.
So it seems that this short-term has a chance to break through today, and everyone can pay attention to it.
