Non-agricultural data is coming tonight! Let's take a look at the trend of Bitcoin's daily level:
1. Bitcoin has come to the pressure level of the dense trading area formed by the previous historical high five times, but failed to break through, indicating that the pressure from above is very large.
2. Since $56,000, Bitcoin has been rising all the way, with highs and lows constantly rising, increasing volume when rising, and shrinking volume when correcting, indicating that the bulls are very strong.
3. This time, the trend line support was stepped back, which is also the BOLL middle track position, and it did not fall below, showing that the support below is very strong.
4. Yesterday, a pregnant line pattern appeared near the pressure level, and the market entered a shock. This shock is different from the previous one. During the bull market, the pressure level was hit many times but failed to break through. This is not a sign of decline, but digesting the pressure from above, and also accumulating strength to prepare for a breakthrough.
The above points can show that the daily bulls of Bitcoin are stronger than the bears. Although there is pressure from above, the pressure during the bull market is used to break through. The current shock is preparing for the next breakthrough.
