6.4 Bitcoin is currently rising well! The five-wave rise is coming!

In yesterday's article, we mentioned that Bitcoin had a five-wave rise model, and in yesterday's market, we also saw that Bitcoin stepped back to a more critical moving average position. That is, the middle track position of the Bollinger band at the daily level, and there was a good rebound trend at that time.

Then, last night, Bitcoin also saw a relatively strong rise, temporarily breaking through the 70,000 position, but the price was not able to stabilize at 70,000, and it gave a relatively fast callback. The current price is around 69,000.

Then, from the form we saw before, that is, the triangle pattern that Bitcoin is currently moving in, it can be found that the previous price stepped back to the trend line at the bottom of this triangle pattern, and a rebound trend appeared smoothly. Then this round of rebound trend is actually quite strong. We can see that it broke through the trend line above this triangle. Although it is a false breakthrough, it is definitely very strong.

If we continue to analyze the current market from the perspective of the triangle pattern, the price will most likely still have to retrace the bottom of the triangle, because from the current market, the triangle may not be completed yet.

And it has just made a false breakthrough on the upper trend line, so from the perspective of the triangle pattern, the price may pull back again and then rise, but we must pay attention to the next wave of rise, which may be an opportunity for a surge, because we can analyze the next rising trend in combination with the rise of the fifth wave we mentioned just now.

Then this situation may appear tonight or tomorrow, everyone must pay attention to it. If you miss it again, the market may continue to fluctuate, and everyone must continue to wait patiently. ​

#BTC走势分析