5.29 Bitcoin currently has a chance to break through! Pay attention to the price entering the bullish advantage area!

The current price of Bitcoin is around 68600. From the four-hour level, the price began to fluctuate after the previous wave of increases. It can be seen that the price has been fluctuating in the Bollinger band. If it cannot break through the upper rail position, it will test the lower rail position. If the lower rail position cannot be broken, the price will test the upper rail again, and the cycle will repeat.

The current price just came to the lower rail position of the Bollinger band and started to rebound after receiving support. At present, the price just came to the middle rail position of the four-hour Bollinger band and encountered resistance, but according to the previous oscillating market, the price should definitely continue to test the upper rail position of the Bollinger band.

And from the macd below, the current fast and slow lines are in a dead cross state and have come below the zero axis, which belongs to the short area, but now you can see that the red short volume column is shrinking, which means that there is a high probability of forming a golden cross trend, and the price has the opportunity to break through the middle track position of the four-hour Bollinger band, or in other words, the price breaks through the middle track position of the four-hour Bollinger band, then macd will form a golden cross trend.

Of course, I suggest that you wait for the bullish signal to stabilize before entering the market, so that the winning rate will be higher, so you can wait for the four-hour macd to form a golden cross, or after the golden cross is formed, the fast and slow lines come above the zero axis before entering the market, which is more stable! In terms of price, you can wait for the price to come to the area above the middle track of the four-hour Bollinger band before entering the market, because it is considered a long area.​

Then let's take a look at the daily level. Now we can see that the daily MACD fast and slow lines are still in a golden cross trend, but the signs of turning downward are already very obvious, and we can also see that the green bullish volume column is shrinking very strongly at this time, so the daily MACD indicator is not very good at present.

From the daily Bollinger Bands, the current situation is sideways fluctuations, but the price has not yet pulled back to the middle track of the Bollinger Bands, so there is still a chance to support it, but if you want to be bullish in the short term, I think you still have to see the four-hour level price and indicators enter the bullish area, because the situation at the daily level is not very good.

#BTC走势分析