#BTC走势分析
A purely technical view - Bitcoin is ready to pull back
Since the day of the CPI release, Bitcoin has risen by more than 5,000 points in two days, temporarily giving everyone a feeling of bullish recovery.
From the daily line, the Bollinger Bands have touched the upper rail and hovered for two days, and the bulls are not strong enough to break through upward. The upper rail of the two daily Bollinger Bands also formed a pressure line, and the horizontal axis is also a pressure line near 66,000. So if there is no very strong news next, then Bitcoin will probably be the first to fall back to the support line of 63,000 below (it has fallen back many times before, so it can be regarded as a strong support line)
The daily Stoch RSI is also at a high of 93.37. Although the RSI is at 67.09, there is still a high probability of a pullback when the two are combined
The graph given by KDJ is also very standard, J>K&D, and there will be a downward pullback trend as in the previous rounds
The final volumes are also shrinking and rising, and there is no energy to continue to rise. Although MACD is about to cross the zero axis to form a golden cross, this may also be the last round of callback! After all, there are black swan events like 519, and the currency circle does not rule out any possible events. There is also a phenomenon of bottoming out in altcoins, but the risk of continuing to fall is not ruled out, so it is better to wait and see.
Finally, I hope everyone escapes and crosses the class in this bull market!
