The current price of Bitcoin is around 69,500. The previous wave of Bitcoin's breakthrough and rise was very strong, but now it has started a trend of oscillating callback.

From the 4-hour level, the current price has callback to the middle track of the Bollinger Band. There are signs of a small rebound, but it is not very obvious. The price may fall below the middle track of the 4-hour Bollinger Band at any time.

Then from the MACD below, the current MACD fast and slow lines are in a dead cross trend. The current fast and slow lines are moving towards the zero axis, indicating that the current trend is to return to the zero axis and callback. Then the red short volume column below the MACD currently has signs of shrinking. The shrinking volume means that the fast and slow lines may begin to form a golden cross trend. If the fast and slow lines can form a golden cross above the zero axis, then it is very likely that the previous market is the same as the market before the previous wave of rise. After the red volume shrinks, the golden cross is formed, and the price will start a new round of rise!

So in the current situation, if you want to follow the trend of the next round, you can pay attention to the shrinking volume of the four-hour MACD volume column, or wait for the MACD fast and slow lines to form a golden cross, and then get on the train after the golden cross above the zero axis is formed to follow the trend of the next round.

Then from the Bollinger Band, if the price falls below the middle track of the Bollinger Band, then you have to be careful. I think if the price falls below the middle track of the Bollinger Band at the 4-hour level, it is very likely to continue to fall to the position of the lower track. If this happens, you have to wait for the support rebound of the lower track of the Bollinger Band.

Of course, if the price directly falls below the middle track of the Bollinger Band at the 4-hour level, then you don’t have to panic. If other conditions are good, then the price returns to the top of the middle track of the Bollinger Band at the 4-hour level, then it is still a bullish trend.

#BTC走势分析