6.20 Bitcoin is brewing an upward trend! Pay attention and seize the opportunity!

Yesterday we mentioned that Bitcoin may not fall any further, and the market may have a chance to reverse. Now we can see that Bitcoin yesterday has not been able to create new lows every day like the previous few days. Yesterday's Bitcoin was in a sideways trend and did not reach a new low.

The current price is still around 65,000, and the lowest price has fallen to around 64,000. Now we look at the current main form of Bitcoin from the four-hour level. As shown in the figure, we can see that the current Bitcoin is a descending wedge by drawing a trend line.

The descending wedge is a bullish pattern, and the current Bitcoin has also fallen to the key support level. That is to say, if we observe the current market from the four-hour level, we can pay attention to the current trend line. Once the trend line is broken, the price at the four-hour level will most likely usher in a wave of increases. The goal is to see the starting point of this wedge, which is also the starting point of the upper trend line.

Then let's look at the macd situation below. In fact, we have been mentioning these days that the fast and slow lines of macd combined with the price trend have shown a continuous divergence trend. The divergence trend has appeared, but there has been no divergence, that is, a reversal. Therefore, the current situation is worthy of our attention. If you are not careful, the divergence and reversal will appear!

Of course, the current situation is definitely not bullish. Everyone must pay attention. My point of view is that you can only look bullish after breaking through the trend line. Of course, you can also ambush in advance, but the winning rate in this case is definitely very low.

Because the price may hit a new low at any time, or even a big plunge, it is still a downward trend before breaking through the trend line!

#BTC走势分析