5.30 Bitcoin appears in a triangle pattern! Pay attention to the trend of rebound breakthrough!

Bitcoin did not successfully break through the middle track of the four-hour Bollinger band yesterday. It failed to break through and started to fall directly. However, it only slightly fell below the previous low point in the end. In the early morning, the price advantage continued to rebound. Now it is back to the middle track of the four-hour Bollinger band and tries to break through the middle track of the Bollinger band.

The current price is around 68100. From the macd below, the current fast and slow lines are below the zero axis, but the current red short volume column is now shrinking, which means that it is going to continue to form a golden cross trend. So it is still in the rebound stage. It depends on whether this rebound can return to the long area.

For example, after the macd fast and slow lines form a golden cross, the double lines come above the zero axis, and the double lines enter the long area, or the price breaks through the middle track of the four-hour Bollinger band and comes to the middle and upper tracks of the Bollinger band. It is the long area!

The same situation actually occurred yesterday, but the price failed to break through successfully in the end. So now that we see this situation again, the best way for us is to be more stable and continue to wait for the emergence of stronger bullish signals.

Then we continue to look at the four-hour level, but we hide the indicator signal. As shown in the figure, it can be clearly found that the current price trend presents a converging triangle pattern, and we can also clearly see that the current price is just at the bottom of the triangle pattern.

Then according to the trend of the triangle pattern, the next price should continue to rebound to the top of the triangle. Although this wave of rebound may still not be able to show a trend, from the perspective of the triangle pattern, there should be a rebound trend first.

#BTC走势分析