6.18 Bitcoin fluctuates rapidly in the short term! What is the situation now after the double kill of long and short positions?

Today we will first observe Bitcoin from the macro level. The current level is the daily level. It can be seen that the first two waves of Bitcoin's rise were both subject to resistance at the same position and failed to break through, and then the price began to fall.

In yesterday's article, we mainly focused on the top divergence trend at the daily level, which is a bearish trend. Of course, we also focused on the divergence trend at the bottom of the four-hour level, which is a bullish trend, but we clearly stated that at the four-hour level, the price must clearly break through the previous high point to form a divergence trend at the bottom of the four hours.

Then we can see that Bitcoin fluctuated rapidly in the short term yesterday. It first fell to the vicinity of the previous low point, and then immediately rebounded rapidly. However, when it touched the vicinity of the short-term previous high point that we mainly focused on yesterday, it failed to break through and fell rapidly again.

Then we can see that the price has clearly created a lower low point. At present, the price of Bitcoin has returned to the top of the previous low point. After breaking the new low point, it has not started a large downward trend.

How should we view the current situation?

I think that if the short-term lows are lower, it should continue to be bearish. Continuing to fall means continuing to fall according to the trend of the top divergence at the daily level. Before breaking through the key high point ahead, I still don’t think that the current price will follow the four-hour bottom divergence trend.

In other words, the price needs to rise back above 67,300 to reverse the current downward trend and start a new upward trend!

#BTC走势分析