5.6 Bitcoin is about to replicate the previous surge! Don't miss it this time!
The May Day holiday is over. During the May Day holiday, Bitcoin had a wave of rebound, falling to around 56,000. After that, the price rebounded rapidly and is now around 64,000, with a relatively large market trend.
During this period, our articles were not updated, but the video analysis has not been interrupted, keeping up with the market situation. During that period, we also made a large long order.
The entry position was almost at the lowest point, and it entered the market around 57,500. The price of the direct store was 63,500. The stop loss was written incorrectly at that time and should be placed at 53,500. This order perfectly got the stop profit position and perfectly won the 6,000-point increase.
Now the price has not continued to initiate a new trend, but paused around 64,000. From the four-hour macd, the green long volume column has begun to shrink, and the fast and slow lines are about to form a dead cross. This is a sign that the price may be adjusted.
This means that there is still very strong resistance at this place. Now the price cannot go up, so there is a possibility of a callback. However, we should also pay attention to the fact that the price may appear a big positive line at any time to directly break through the current key resistance position above. Of course, it may also be a slow oscillation, and then a breakthrough and pull-up. Although the current indicator signal is not very good, the current price is still oscillating at a high level, which shows that it is very tenacious.
Why is it said that as long as the price continues to oscillate at a high level, it is possible to rise?
Because the current market trend is very similar to the previous market trend of 40,000. Before, the price at 40,000 made a false break of the key support position, and then the price was immediately recovered. After a period of oscillation, the price immediately showed an upward trend. The current trend is in the stage of about to oscillate and start rising.
You can compare carefully and find that it is really very similar, so you have to pay attention to it at present. I don’t know when the market will break through and soar. We must seize this opportunity.Of course, I am not asking you to go all in. You still need to be aware that the market is never absolute, and you must set a stop loss before trying.
