5.17 Bitcoin has a small correction after breaking through! Is it an opportunity to get on board?

After a wave of Bitcoin surge, the price had a small correction yesterday. The current price just stepped back to the key previous low point. As shown in the figure, it is a support and resistance exchange position. Now from the four-hour point of view, the price begins to pause at this position and closes with a small positive line, showing signs of rebound.

Then from the macd below, the fast and slow lines are now above the zero axis, with very obvious signs of turning around, and a trend of forming a dead cross is about to be formed. The green volume column is also a sign of shrinking volume. So from the trend of macd, the current correction has just begun.

If the macd fast and slow lines now form a trend of dead cross, then there is a high probability that the price will continue to pull back, and it will fall below the current key support position and continue to go down. However, at that time, if the price does not pull back too deeply, it can be supported again and stabilized.

The MACD fast and slow lines were still above the zero axis at that time, and there was hope that a golden cross trend would form again, which would be the beginning of a real rebound. As long as the MACD fast and slow lines have not fallen below the zero axis, we can continue to wait for the opportunity to rebound again!

Of course, the current MACD fast and slow lines have not formed a dead cross trend. Now the price is still stepping back on the key point, and there is still a chance to rebound directly. There is no need to be sure that the price will continue to fall below the key support position. If you think in advance that the price will fall below, then the price will directly break through and rise, then we will miss the profit of this rise.

So the current situation is that the price can rebound directly and break through the previous high, then the rise will most likely start directly, and this time it is very likely to be a big surge trend!

#BTC走势分析