5.13 Dangerous? Whales start selling Ethereum? Bitcoin's key trend affects the situation!

Bitcoin did not fluctuate much during the weekend, as usual, but the overall trend was still a fluctuating upward trend. As shown in the figure, the upward fluctuation will form an upward channel. We know that the upward channel is a bearish trend of the bear flag trend, so now the price is blocked at the top of this oscillating upward channel and falls back to the bottom of the channel. It is very likely to fall through this upward channel.

Once it falls through this upward channel, it will generally fall directly to an equidistant level. According to my deduction, once this oscillating upward channel falls through, the price may come to about 58000. Everyone must pay attention to this!

If today is Monday, a new week, I also observed some different news!

I saw that whales have secretly deposited Ethereum into exchanges in the past two days. As early as half a month ago, there were a lot of news saying that many whales were buying Ethereum. Our familiar brother Sun Yuchen also bought a lot of Ethereum spot.

But we know that the situation of Ethereum in the past half month is not very good. There was a rebound at first, which was very good, but it failed to get out of its own independent market and started to fall. The overall trend is not very good. Now it has fallen to the previous low again!

So now there are whales who can't help it and want to start selling. This may not be the final market, but it may also trigger an avalanche effect. It would not fall so fast. If whales start selling to cash out, no one dares to hold on. It is not impossible to eventually lead to a black swan event, because the market is originally composed of retail investors and whale institutions!

Then continue to look back at the situation of Bitcoin. Now at the four-hour level, the price is blocked at the middle track of the Bollinger Band. If the price does not fall below this trend line today, then the price has the opportunity to break through the middle track of the four-hour Bollinger Band, and then there is a chance to come to the upper track of the Bollinger Band!

Now the macd fast and slow lines below are in a golden cross trend. If the price can continue to rise, the fast and slow lines can continue to break through the zero axis, then the upward trend will be determined at the four-hour level!So I think the market can stabilize now, and it will be an advantage for bulls for the time being!

#BTC走势分析