6.19 Can Bitcoin no longer fall? Is the market going to reverse?

Bitcoin continued to fall in the early morning, and the price hit a new low, with the lowest price falling to around 64,000, but the current price has rebounded back to 65,400. Overall, the decline is not very large, and each decline can rebound accordingly, without such a strong decline as before!

And as shown in the above figure, we can also clearly observe that the current Bitcoin decline has hit the bottom channel line, and there has been no sharp drop. Although it has hit a new low every day, the decline has also begun to gradually ease.

So according to the market situation, near this position, if the price does not plummet in the next two days and starts to fluctuate sideways here, then the market may begin to reverse and return to the upward trend, that is, if it does not fall in the next two days, it may start to rise!

Then let's look at the four-hour situation. Let's look at macd first. Combined with the price of Bitcoin, we can find that the macd fast and slow lines below have been showing a divergent trend. That is to say, the price has been going down, but the macd fast and slow lines have been going up. This is the divergent trend!

​If there is a divergent trend, it means there is an opportunity for a reversal! So in the current situation, if you have a short position, you can still try to hold it, but after two days, if there is no sharp drop, then the market may reverse and you may have to consider exiting!

Then, if the friends who are short-term and wait-and-see have not fallen after two days, then start considering the layout of a long plan!

#BTC走势分析