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Voir l’original
7.9 Has Bitcoin fallen to the bottom? Is it a good time to buy the bottom now?
Bitcoin experienced huge fluctuations in the short term yesterday. In the afternoon, there was a huge wave of rising energy. It came to 58,000 in a short period of time, but did not break through the previous high point. Then it fell immediately and suddenly came to the vicinity of 55,000. The subsequent price is oscillating upward and is still around 57,000.
As shown in the figure, I think the current Bitcoin has formed a oscillating convergent triangle in the short term. The reason for the formation of this pattern has been mentioned to you before. The convergent triangle pattern is formed because the price cannot go out of the direction and there is no strong bullish and bearish power. Therefore, it is difficult for us to judge the direction of the price through this convergent triangle pattern, because in essence, it is because it cannot go out of the direction that this pattern is formed. We can't put the cart before the horse.
Of course, not being able to judge the direction does not mean that we can't do transactions. Since we can't go in any direction, we can choose short-term oscillation high and low, but we can't be too greedy. Just do the fluctuations in this triangle pattern. Of course, this is a short-term operation strategy.
Then at the daily level, we have mentioned before that the current price has fallen to a very critical point. As shown in the figure, connecting the previous two key locations, we can find that the current price has just fallen to this trend line.
So the price fluctuates here, essentially because the price is supported here and cannot fall further. If it cannot fall further, there is hope to rebound, so judging from the daily level, I think the price is biased upward at this time.
Of course, we can't see any pattern here from the daily line, and we can't see the convergent triangle pattern at all, but we can judge this trend from the daily line, and then deduce this convergent triangle pattern in the short term, so the result will be that this triangle is likely to break upward.
Just now we said that if the short-term operation of this triangle is to do this oscillation high and low, then if we combine the large-level daily line to analyze it this way, it is obvious that it will be more advantageous to do oscillation and low in the triangle.
#BTC☀ #BTC走勢分析
Bitcoin experienced huge fluctuations in the short term yesterday. In the afternoon, there was a huge wave of rising energy. It came to 58,000 in a short period of time, but did not break through the previous high point. Then it fell immediately and suddenly came to the vicinity of 55,000. The subsequent price is oscillating upward and is still around 57,000.
As shown in the figure, I think the current Bitcoin has formed a oscillating convergent triangle in the short term. The reason for the formation of this pattern has been mentioned to you before. The convergent triangle pattern is formed because the price cannot go out of the direction and there is no strong bullish and bearish power. Therefore, it is difficult for us to judge the direction of the price through this convergent triangle pattern, because in essence, it is because it cannot go out of the direction that this pattern is formed. We can't put the cart before the horse.
Of course, not being able to judge the direction does not mean that we can't do transactions. Since we can't go in any direction, we can choose short-term oscillation high and low, but we can't be too greedy. Just do the fluctuations in this triangle pattern. Of course, this is a short-term operation strategy.
Then at the daily level, we have mentioned before that the current price has fallen to a very critical point. As shown in the figure, connecting the previous two key locations, we can find that the current price has just fallen to this trend line.
So the price fluctuates here, essentially because the price is supported here and cannot fall further. If it cannot fall further, there is hope to rebound, so judging from the daily level, I think the price is biased upward at this time.
Of course, we can't see any pattern here from the daily line, and we can't see the convergent triangle pattern at all, but we can judge this trend from the daily line, and then deduce this convergent triangle pattern in the short term, so the result will be that this triangle is likely to break upward.
Just now we said that if the short-term operation of this triangle is to do this oscillation high and low, then if we combine the large-level daily line to analyze it this way, it is obvious that it will be more advantageous to do oscillation and low in the triangle.
#BTC☀ #BTC走勢分析
Voir l’original
7.8 Have Bitcoin and Ethereum fallen to the point? Now we need to form a double bottom pattern and prepare for an increase?
Bitcoin fell to a low of around 53,000 in this wave of decline, and then the price rebounded strongly, reaching a high of around 58,000 relatively quickly, but the rise was not able to continue. It encountered resistance around 58,000 and quickly started to fall again. So far, it has fallen to a low of around 55,000.
In my opinion, Bitcoin may form a double bottom pattern at present, because this area is a very important position. We can observe this at the daily level.
As shown in the figure, connecting the two previous low points at the daily level, it can be found that the current low point is just on the same trend line, so this position is likely to become an effective bottom. If the price cannot fall at this position and fluctuates sideways, there is a chance for a rebound.
Of course, at present, we can only look at a short-term double bottom rebound first, because this is a good position, not directly bullish, but if this wave of rebound is very good and very strong, then we can continue to be bullish in the future.
Let's look at Ethereum again. From the daily level, we can clearly see that the lowest price of Ethereum in this wave has fallen to around 2,800, which is also a very obvious support position. The last time the price came here, it supported a very strong rebound.
Now the price continues to come to this position, and it is certain that this position is still supported.
Then look at Ethereum from a short-term perspective, it can be found that the recent decline and the previous decline just fell to the same position, and there is a great chance of forming a double bottom pattern. The current price just goes back to test the previous low point, and now there is a small rebound trend.
The neckline of the double bottom is also marked in the figure. It stands to reason that the double bottom pattern must break through the neckline to be a successful double bottom pattern, so more stable friends can continue to wait for this double bottom to break through the neckline.
#BTC走势分析
Bitcoin fell to a low of around 53,000 in this wave of decline, and then the price rebounded strongly, reaching a high of around 58,000 relatively quickly, but the rise was not able to continue. It encountered resistance around 58,000 and quickly started to fall again. So far, it has fallen to a low of around 55,000.
In my opinion, Bitcoin may form a double bottom pattern at present, because this area is a very important position. We can observe this at the daily level.
As shown in the figure, connecting the two previous low points at the daily level, it can be found that the current low point is just on the same trend line, so this position is likely to become an effective bottom. If the price cannot fall at this position and fluctuates sideways, there is a chance for a rebound.
Of course, at present, we can only look at a short-term double bottom rebound first, because this is a good position, not directly bullish, but if this wave of rebound is very good and very strong, then we can continue to be bullish in the future.
Let's look at Ethereum again. From the daily level, we can clearly see that the lowest price of Ethereum in this wave has fallen to around 2,800, which is also a very obvious support position. The last time the price came here, it supported a very strong rebound.
Now the price continues to come to this position, and it is certain that this position is still supported.
Then look at Ethereum from a short-term perspective, it can be found that the recent decline and the previous decline just fell to the same position, and there is a great chance of forming a double bottom pattern. The current price just goes back to test the previous low point, and now there is a small rebound trend.
The neckline of the double bottom is also marked in the figure. It stands to reason that the double bottom pattern must break through the neckline to be a successful double bottom pattern, so more stable friends can continue to wait for this double bottom to break through the neckline.
#BTC走势分析
Voir l’original
7.5 Bitcoin plunge begins! How to choose short selling?
Bitcoin has now fallen to 54,000, and the lowest price has come to around 53,000. So the entire large box structure at the daily level should be confirmed to have fallen through. According to the situation, the downward trend has started, and our next goal may be to focus on short selling.
The main way is to observe the situation of the low point retracement. For example, at the low point before 58,000 in one hour, the price had retreated and then there was a very fast and strong decline directly to around 53,000, which was a very large short decline.
From the daily line, the current 53,000 position is also the point where the previous support and resistance exchange, so it is expected that there is a rebound opportunity at this position, so I think you don’t have to rush to short sell now, you have to wait patiently for an opportunity to rebound, because if you are too anxious to enter, the sudden rebound after such a large decline is also not small, it is easy to blow up your stop loss, so you still have to be patient, there will always be a market, but your principal will not always be there.
And we can also observe the current situation from the current perspective of Ethereum. As shown in the figure, it is obvious that Ethereum has fallen to a very critical support position. The price stayed in this area for a very long time before, and then there was a very strong rebound, and there was a very large positive line rebound in the middle very quickly.
So the current Ethereum price has returned to here again. I think there is support, so in contrast, Bitcoin should also have a small support here, and then we have confirmed that we have entered a downward trend, so it is a wiser choice to short at the current rebound.
#BTC走勢分析
Bitcoin has now fallen to 54,000, and the lowest price has come to around 53,000. So the entire large box structure at the daily level should be confirmed to have fallen through. According to the situation, the downward trend has started, and our next goal may be to focus on short selling.
The main way is to observe the situation of the low point retracement. For example, at the low point before 58,000 in one hour, the price had retreated and then there was a very fast and strong decline directly to around 53,000, which was a very large short decline.
From the daily line, the current 53,000 position is also the point where the previous support and resistance exchange, so it is expected that there is a rebound opportunity at this position, so I think you don’t have to rush to short sell now, you have to wait patiently for an opportunity to rebound, because if you are too anxious to enter, the sudden rebound after such a large decline is also not small, it is easy to blow up your stop loss, so you still have to be patient, there will always be a market, but your principal will not always be there.
And we can also observe the current situation from the current perspective of Ethereum. As shown in the figure, it is obvious that Ethereum has fallen to a very critical support position. The price stayed in this area for a very long time before, and then there was a very strong rebound, and there was a very large positive line rebound in the middle very quickly.
So the current Ethereum price has returned to here again. I think there is support, so in contrast, Bitcoin should also have a small support here, and then we have confirmed that we have entered a downward trend, so it is a wiser choice to short at the current rebound.
#BTC走勢分析
Voir l’original
7.4 Is Bitcoin really going to break and start a downward trend?
After the closing of the morning, the price of Bitcoin suddenly plummeted, breaking the previous low point all of a sudden, and the lowest point has fallen below 58,000.
In the analysis of the previous two articles, we also mentioned that one of the reasons for our last wave of long orders was to stop profit, because I think the first counter-trend breakthrough is often a failure, and the price at that time just retreated to the middle track of the Bollinger Band at the daily level.
It is similar to the previous situation. After the previous Bitcoin price fell, the first retracement to the middle track of the Bollinger Band also failed, and then the price continued to fall and a new low appeared on the downhill slope, but we can also observe that the subsequent price can rebound after the new low on the downhill slope.
Then at the current daily level, it is also obvious that the first rebound breakthrough failed and then began to fall, and it also broke down and a new low appeared. In the current situation, I think we can still refer to the previous market situation, and believe that the bulls will fight back again and try to break through the trend again, that is, there will be another rebound test.
If the rebound test fails, we can think that the price has really fallen below the key price position. Once the daily price position falls below, it will usher in a very large decline. Then we have to choose to short sell in the later stage.
However, I still think that we should wait for the second rebound test of the bulls. After confirming the failure of the breakthrough, we will confirm that the price has really fallen below this very critical support position, and then we can start to short sell with confidence.
Speaking of the second test of the rebound, it is a very classic situation. You can also refer to the chart. For example, the price of the top resistance level also fell after two failed tests. This is why we can often observe double tops or double bottoms on the chart. These patterns are the patterns left by the second test.
#BTC走勢分析
After the closing of the morning, the price of Bitcoin suddenly plummeted, breaking the previous low point all of a sudden, and the lowest point has fallen below 58,000.
In the analysis of the previous two articles, we also mentioned that one of the reasons for our last wave of long orders was to stop profit, because I think the first counter-trend breakthrough is often a failure, and the price at that time just retreated to the middle track of the Bollinger Band at the daily level.
It is similar to the previous situation. After the previous Bitcoin price fell, the first retracement to the middle track of the Bollinger Band also failed, and then the price continued to fall and a new low appeared on the downhill slope, but we can also observe that the subsequent price can rebound after the new low on the downhill slope.
Then at the current daily level, it is also obvious that the first rebound breakthrough failed and then began to fall, and it also broke down and a new low appeared. In the current situation, I think we can still refer to the previous market situation, and believe that the bulls will fight back again and try to break through the trend again, that is, there will be another rebound test.
If the rebound test fails, we can think that the price has really fallen below the key price position. Once the daily price position falls below, it will usher in a very large decline. Then we have to choose to short sell in the later stage.
However, I still think that we should wait for the second rebound test of the bulls. After confirming the failure of the breakthrough, we will confirm that the price has really fallen below this very critical support position, and then we can start to short sell with confidence.
Speaking of the second test of the rebound, it is a very classic situation. You can also refer to the chart. For example, the price of the top resistance level also fell after two failed tests. This is why we can often observe double tops or double bottoms on the chart. These patterns are the patterns left by the second test.
#BTC走勢分析
Voir l’original
7.2 Short-term opportunities for Bitcoin! Can this wave break through successfully?
From the one-hour market, yesterday's Bitcoin broke through the resistance near 62,000, and then encountered resistance near 63,800. It can be clearly found that after encountering resistance, the price retraced to the support near 62,000.
Because we know that the price was resistance before it broke through, but it became support after the breakthrough. After Bitcoin retraced the support, the price rose again, but we can now see that the second breakthrough was not successful, and the current price is still around 63,000.
So of course, we are still bullish on Bitcoin at a large level, and believe that Bitcoin will follow a box structure at a large level. The current Bitcoin price is at the bottom of this box, although from the perspective of the box, there is a potential huge wave of increases.
So what we need to consider in the short term is to see a good pattern and find an opportunity to go long, or find a good pattern in time.
First of all, after the short-term breakthrough of 62,000, this box appeared above. If it can break through this small box again, then I think there is a high probability that there will be a wave of rise, which may be a big rise or a small rise, but if it breaks through, we will definitely be able to make a profit on the bus.
In fact, trading is to practice. When you see a good opportunity, you go in to do it, but in fact, how much you can get is not up to you. It is given to you by the market, or people who practice trading will say that this is a gift from God, which is not completely unreasonable.
Some people who practice trading cultivate their body and mind to stabilize their emotions. When they see a good opportunity, they go in to trade. If they lose money, they will not complain about it. They will look for opportunities next time. The main point is that success depends on heaven and success depends on man.
The market does not have opportunities every moment, so you must wait patiently for your own market.
#BTC走勢分析
From the one-hour market, yesterday's Bitcoin broke through the resistance near 62,000, and then encountered resistance near 63,800. It can be clearly found that after encountering resistance, the price retraced to the support near 62,000.
Because we know that the price was resistance before it broke through, but it became support after the breakthrough. After Bitcoin retraced the support, the price rose again, but we can now see that the second breakthrough was not successful, and the current price is still around 63,000.
So of course, we are still bullish on Bitcoin at a large level, and believe that Bitcoin will follow a box structure at a large level. The current Bitcoin price is at the bottom of this box, although from the perspective of the box, there is a potential huge wave of increases.
So what we need to consider in the short term is to see a good pattern and find an opportunity to go long, or find a good pattern in time.
First of all, after the short-term breakthrough of 62,000, this box appeared above. If it can break through this small box again, then I think there is a high probability that there will be a wave of rise, which may be a big rise or a small rise, but if it breaks through, we will definitely be able to make a profit on the bus.
In fact, trading is to practice. When you see a good opportunity, you go in to do it, but in fact, how much you can get is not up to you. It is given to you by the market, or people who practice trading will say that this is a gift from God, which is not completely unreasonable.
Some people who practice trading cultivate their body and mind to stabilize their emotions. When they see a good opportunity, they go in to trade. If they lose money, they will not complain about it. They will look for opportunities next time. The main point is that success depends on heaven and success depends on man.
The market does not have opportunities every moment, so you must wait patiently for your own market.
#BTC走勢分析
Voir l’original
7.1 Bitcoin continues to rise! Is the surge in the market just beginning?
Bitcoin has continued to rise in the past two days, and the highest price has reached 63,700. Why, as shown in the figure, we can clearly see that the price has broken through the key previous high point, and the resistance near 62,000 has been broken at once.
Then our member group also made a long order yesterday. The entry price was about 61,000, and the expected target profit point was 64,000. The price was just a little bit away from this place, but at present we chose to take the profit, but also took 2,500 points of profit.
Why choose to take the profit? As shown in the figure, we found that the current rebound of Bitcoin price at the daily level just came to the position of the middle track of the Bollinger band at the daily level. This position must have price resistance, and this time it is the first rebound after a long period of decline to retrace the middle track of the Bollinger band, which is the first attempt of the bulls to reverse the downward trend.
According to technical analysis, the first counter-trend breakthrough often fails. I also marked the situation in the above picture when the price rebounded and retreated to the middle track of the Bollinger band before the previous decline, and then failed to break through.
So we also chose to be prudent and chose to take profits. So my current view is that the price may fail to break through here and then fall back. Of course, my view is definitely not absolutely correct. There must have been cases in history where the first counter-trend breakthrough was successful.
So my other plan is that if the price does not break through and then pull back, but directly breaks through successfully, then when it successfully breaks through the middle track of the daily Bollinger band, I will also choose to continue to chase more.
Because I have told you before, our goal is actually a very large rise to the top of the daily box.
#BTC走勢分析
Bitcoin has continued to rise in the past two days, and the highest price has reached 63,700. Why, as shown in the figure, we can clearly see that the price has broken through the key previous high point, and the resistance near 62,000 has been broken at once.
Then our member group also made a long order yesterday. The entry price was about 61,000, and the expected target profit point was 64,000. The price was just a little bit away from this place, but at present we chose to take the profit, but also took 2,500 points of profit.
Why choose to take the profit? As shown in the figure, we found that the current rebound of Bitcoin price at the daily level just came to the position of the middle track of the Bollinger band at the daily level. This position must have price resistance, and this time it is the first rebound after a long period of decline to retrace the middle track of the Bollinger band, which is the first attempt of the bulls to reverse the downward trend.
According to technical analysis, the first counter-trend breakthrough often fails. I also marked the situation in the above picture when the price rebounded and retreated to the middle track of the Bollinger band before the previous decline, and then failed to break through.
So we also chose to be prudent and chose to take profits. So my current view is that the price may fail to break through here and then fall back. Of course, my view is definitely not absolutely correct. There must have been cases in history where the first counter-trend breakthrough was successful.
So my other plan is that if the price does not break through and then pull back, but directly breaks through successfully, then when it successfully breaks through the middle track of the daily Bollinger band, I will also choose to continue to chase more.
Because I have told you before, our goal is actually a very large rise to the top of the daily box.
#BTC走勢分析
Voir l’original
6.28 Bitcoin is at a very critical position! There is a huge potential profit!
Bitcoin had a channel decline retracement yesterday, the retracement was very small, and it immediately started to rise again, but this wave of rebound obviously reached the previous high and immediately encountered resistance, so overall, the current Bitcoin price is a wave of strong decline, and a small rebound began to fluctuate sideways.
If you start to go long and look for a wave of rise after a brief breakthrough of the small downward retracement channel yesterday, then it is obvious that this rise has failed so far. If you entered the market yesterday and went long, then I think you can try to exit and wait and see, because we once thought that this wave of rebound could start an upward trend, but it was blocked at the previous high, and we must also adapt to the situation immediately.
Remember that the market is ever-changing, and you must analyze the current market in a timely manner and respond in a timely manner. This is what we often call order management.
It seems that after the previous high is blocked, it is estimated that there will be another wave of decline and retracement below, but it is not certain how deep this wave of decline and retracement will be. I think the most important thing is to pay attention to the situation of the previous low point. If the price does not break the previous low point again and then starts a rebound trend, we can still continue to try to go long.
Because at the macro level, we believe that Bitcoin is in a box of sideways fluctuations. This time there is a great chance that it will be supported again at the bottom of the box. If it rebounds at the bottom of the box, it will retreat to the top of the box. And from the daily line, the amplitude of this box is very large. If it rebounds to the top of the box, there will be a very considerable profit.
But it should also be noted that if the price falls this time and breaks the previous low point, it is better to be careful and do not try to go long for the time being, because it may break the trend of this box, and there will be a very huge decline.
#BTC走勢分析
Bitcoin had a channel decline retracement yesterday, the retracement was very small, and it immediately started to rise again, but this wave of rebound obviously reached the previous high and immediately encountered resistance, so overall, the current Bitcoin price is a wave of strong decline, and a small rebound began to fluctuate sideways.
If you start to go long and look for a wave of rise after a brief breakthrough of the small downward retracement channel yesterday, then it is obvious that this rise has failed so far. If you entered the market yesterday and went long, then I think you can try to exit and wait and see, because we once thought that this wave of rebound could start an upward trend, but it was blocked at the previous high, and we must also adapt to the situation immediately.
Remember that the market is ever-changing, and you must analyze the current market in a timely manner and respond in a timely manner. This is what we often call order management.
It seems that after the previous high is blocked, it is estimated that there will be another wave of decline and retracement below, but it is not certain how deep this wave of decline and retracement will be. I think the most important thing is to pay attention to the situation of the previous low point. If the price does not break the previous low point again and then starts a rebound trend, we can still continue to try to go long.
Because at the macro level, we believe that Bitcoin is in a box of sideways fluctuations. This time there is a great chance that it will be supported again at the bottom of the box. If it rebounds at the bottom of the box, it will retreat to the top of the box. And from the daily line, the amplitude of this box is very large. If it rebounds to the top of the box, there will be a very considerable profit.
But it should also be noted that if the price falls this time and breaks the previous low point, it is better to be careful and do not try to go long for the time being, because it may break the trend of this box, and there will be a very huge decline.
#BTC走勢分析
Voir l’original
6.27 How does Bitcoin confirm support? A surge of 10,000 points easily won?
Bitcoin plummeted to a low of around 68,300, and then the price immediately rebounded back to above 60,000, so at present, it only fell below 60,000 for a moment, and the highest price rebound was around 62,400, which was met with resistance.
The current price is starting to pull back. As shown in the figure, the current price is a downward channel correction. I currently think that this correction is very critical, and the next market situation depends on the situation of this correction.
First of all, if the price continues to fall and pull back along the small channel, it will directly fall below the previous low, that is, it will fall below 58,000 again, then it is very likely that the price will directly enter a downward trend, and it will be difficult to reverse and rise again for a long time, which is what everyone says may enter a bear market.
Of course, there is another situation, that is, the price continues to fall along the current small channel, but before it falls below the previous low, that is, before it falls to 58,000, the price can directly break through the channel upward and start to rebound, which means that the price has not created a new low. I think the price is likely to stabilize here.
The stabilization of the price means that the bottom of the large box at the daily level can be stabilized. According to the general situation of the box, if the bottom stabilizes, it will continue to rebound and rebound to the top of the box. The profit is very considerable. As shown in the figure, if it rises from the bottom of the box to the top of the box, it is just a wave of internal rebound of the box. Because the amplitude of this box is very large, the increase is 10,000 points.
We need to pay close attention to this wave of market conditions at a key position. No matter what the situation is, there will be huge long-term fluctuations and long-term trends. If you catch it, you can make a lot of money!
#BTC走势预测
Bitcoin plummeted to a low of around 68,300, and then the price immediately rebounded back to above 60,000, so at present, it only fell below 60,000 for a moment, and the highest price rebound was around 62,400, which was met with resistance.
The current price is starting to pull back. As shown in the figure, the current price is a downward channel correction. I currently think that this correction is very critical, and the next market situation depends on the situation of this correction.
First of all, if the price continues to fall and pull back along the small channel, it will directly fall below the previous low, that is, it will fall below 58,000 again, then it is very likely that the price will directly enter a downward trend, and it will be difficult to reverse and rise again for a long time, which is what everyone says may enter a bear market.
Of course, there is another situation, that is, the price continues to fall along the current small channel, but before it falls below the previous low, that is, before it falls to 58,000, the price can directly break through the channel upward and start to rebound, which means that the price has not created a new low. I think the price is likely to stabilize here.
The stabilization of the price means that the bottom of the large box at the daily level can be stabilized. According to the general situation of the box, if the bottom stabilizes, it will continue to rebound and rebound to the top of the box. The profit is very considerable. As shown in the figure, if it rises from the bottom of the box to the top of the box, it is just a wave of internal rebound of the box. Because the amplitude of this box is very large, the increase is 10,000 points.
We need to pay close attention to this wave of market conditions at a key position. No matter what the situation is, there will be huge long-term fluctuations and long-term trends. If you catch it, you can make a lot of money!
#BTC走势预测
Voir l’original
6.25 Bitcoin plummeted! Is this a chance to get on board?
Yesterday we mentioned that Bitcoin may take two downward forms. From the daily level, the first one is a converging triangle form. If the price can reach the bottom trend line, the price will stabilize above 60,000.
The other possibility is that the price may move in a large box of sideways fluctuations at the daily level. If it is a trend of moving in a large box, the price will fall below 60,000 and reach 50,000, 60,000 or 57,000.
Judging from the current situation, Bitcoin should be moving in a large box on the daily level, because the lowest price has fallen to 58,000, but after the price fell below 60,000, the rebound speed is still relatively fast.
The other possibility is that the price may move in a large box of sideways fluctuations at the daily level. If it is a trend of moving in a large box, the price will fall below 60,000 and reach 50,000, 60,000 or 57,000.
Judging from the current situation, Bitcoin should be moving in a large box on the daily level, because the lowest price has fallen to 58,000, but after the price fell below 60,000, the rebound speed is still relatively fast.
Voir l’original
6.24 Will Bitcoin fall below 60,000? Is the bull market still there?
Bitcoin has been falling in a channel recently, as shown in the figure. In the early morning of today, Bitcoin continued to fall and hit a new low. The current price has fallen below 63,000. From the perspective of the channel, the current price is still in the channel and has been stepping back to the bottom of the channel, and there is no trend of a sharp drop.
If we observe the shape of Bitcoin from the daily line, we can see from the trend line that the current price is likely to be in a convergence pattern on the daily line. The price of Bitcoin continues to fall and is about to reach this lower trend line. If the trend line can support the price, then it is expected that the price will stabilize between 61,000 and 62,000, and there may be a rebound trend, returning to the top of this convergence pattern.
This rebound trend can be expected, because the price is a bull market uptrend before entering this large convergence triangle, so the convergence triangle is likely to continue to break upward, and the bottom of the convergence triangle at this current position is the most suitable bottom-picking position.
Of course, the price may not follow the convergence triangle, but may follow a box trend. As shown in the figure, if it follows the box, the price may fall to a deeper position and fall below 60,000. If it follows the box, the current bottom cannot be determined. It may just fall below 60,000 and come to around 59,000, and the price can be supported.
It is also possible that the price will fall below 60,000 and come to the previous low point, which is about 56,000 or 57,000.
But it is still the same point of view as before. The big trend is generally not easily reversed, because before entering this convergence triangle or oscillating box, the price is a very strong upward trend, so I think they are likely to continue to break through upward after adjustment. So when they come to these key positions, we will look for an opportunity to go long in the short term!
#BTC走勢分析
Bitcoin has been falling in a channel recently, as shown in the figure. In the early morning of today, Bitcoin continued to fall and hit a new low. The current price has fallen below 63,000. From the perspective of the channel, the current price is still in the channel and has been stepping back to the bottom of the channel, and there is no trend of a sharp drop.
If we observe the shape of Bitcoin from the daily line, we can see from the trend line that the current price is likely to be in a convergence pattern on the daily line. The price of Bitcoin continues to fall and is about to reach this lower trend line. If the trend line can support the price, then it is expected that the price will stabilize between 61,000 and 62,000, and there may be a rebound trend, returning to the top of this convergence pattern.
This rebound trend can be expected, because the price is a bull market uptrend before entering this large convergence triangle, so the convergence triangle is likely to continue to break upward, and the bottom of the convergence triangle at this current position is the most suitable bottom-picking position.
Of course, the price may not follow the convergence triangle, but may follow a box trend. As shown in the figure, if it follows the box, the price may fall to a deeper position and fall below 60,000. If it follows the box, the current bottom cannot be determined. It may just fall below 60,000 and come to around 59,000, and the price can be supported.
It is also possible that the price will fall below 60,000 and come to the previous low point, which is about 56,000 or 57,000.
But it is still the same point of view as before. The big trend is generally not easily reversed, because before entering this convergence triangle or oscillating box, the price is a very strong upward trend, so I think they are likely to continue to break through upward after adjustment. So when they come to these key positions, we will look for an opportunity to go long in the short term!
#BTC走勢分析
Voir l’original
6.21 Bitcoin failed to break through and has not plummeted yet! When should I go long?
We said yesterday that Bitcoin is currently in a descending wedge, which is a bullish pattern. Yesterday, Bitcoin made a short-term breakthrough in the trend line, but it is a false breakthrough at the moment.
The current price has returned to below 65,000, but the price has not yet created a new low. The breakthrough failed but the price did not plummet, indicating that there is still support here. This breakthrough may be an attempt by the bulls. If there is no plummet, then I think the bulls may continue to try to break through, and this pattern is a bullish pattern, so according to the current situation, I think the probability of a successful price breakthrough is still relatively high.
The current price has returned to below 65,000, but the price has not yet created a new low. The breakthrough failed but the price did not plummet, indicating that there is still support here. This breakthrough may be an attempt by the bulls. If there is no plummet, then I think the bulls may continue to try to break through, and this pattern is a bullish pattern, so according to the current situation, I think the probability of a successful price breakthrough is still relatively high.
Voir l’original
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
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
Voir l’original
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
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
Voir l’original
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
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
Voir l’original
6.17 Pay attention to the divergence trend of Bitcoin! Determine the next market direction!
Today we will first observe Bitcoin from the macro level. Currently it 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.
The macd in the attached figure below corresponding to these two high points, we can see that the fast line of macd is downward, and the connecting peak is tilted downward, but the corresponding price, the two rebounds are at the same high level. I think this can be seen as a daily level top divergence trend.
Of course, you can also only look at a double top trend. The current price has broken the neckline!
Then we continue to look at the four-hour level. First, Bitcoin has two low points at the four-hour level, as shown in the figure, and then we can also correspond to the macd in the sub-figure according to the situation of these two low points. Similarly, we can also find that there is a divergence trend at the bottom of the four hours.
Then in the process of price decline, we can also see a downward trend line, which is also drawn in the figure. If the price falls along the trend line and breaks the previous low point, a 2B pattern may appear here. That is to say, if the price can rebound and break through a high point in front, then this pattern will be formed, starting a short-term upward trend!
Overall, we can also find that the daily level and the four-hour level trend are in the opposite state. So should we think that the price will follow the four-hour level trend or the daily level trend?
Then I personally think that the price is more likely to follow the daily level trend, that is, the top divergence price will go down. Such a trend, but we should also pay attention to the four-hour level trend. If the price rebounds and breaks through the high point in front to form a 2B pattern, there may be a rebound opportunity in the short term, and it may also affect the large-level pattern to reverse and show an upward trend!
#BTC走势预测
Today we will first observe Bitcoin from the macro level. Currently it 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.
The macd in the attached figure below corresponding to these two high points, we can see that the fast line of macd is downward, and the connecting peak is tilted downward, but the corresponding price, the two rebounds are at the same high level. I think this can be seen as a daily level top divergence trend.
Of course, you can also only look at a double top trend. The current price has broken the neckline!
Then we continue to look at the four-hour level. First, Bitcoin has two low points at the four-hour level, as shown in the figure, and then we can also correspond to the macd in the sub-figure according to the situation of these two low points. Similarly, we can also find that there is a divergence trend at the bottom of the four hours.
Then in the process of price decline, we can also see a downward trend line, which is also drawn in the figure. If the price falls along the trend line and breaks the previous low point, a 2B pattern may appear here. That is to say, if the price can rebound and break through a high point in front, then this pattern will be formed, starting a short-term upward trend!
Overall, we can also find that the daily level and the four-hour level trend are in the opposite state. So should we think that the price will follow the four-hour level trend or the daily level trend?
Then I personally think that the price is more likely to follow the daily level trend, that is, the top divergence price will go down. Such a trend, but we should also pay attention to the four-hour level trend. If the price rebounds and breaks through the high point in front to form a 2B pattern, there may be a rebound opportunity in the short term, and it may also affect the large-level pattern to reverse and show an upward trend!
#BTC走势预测
Voir l’original
6.14 Is Bitcoin about to start a sharp drop? Here are the short-term situations you must pay attention to in the next two days!
Bitcoin continued to fall yesterday, and the current price has stabilized below 67,000. Today, if we look at the current situation directly from a short-term perspective, we can find that this decline did not reach the previous low point, but was a little bit higher.
Generally speaking, the price will not break through the support of the previous low point directly, but will stay above for a little bit, and then when it falls again, it will directly fall through this position, showing a larger downward trend.
If the previous low point can support and form a double bottom, it will rebound again. As shown in the above figure, I also marked it in a previous market. If the previous low point can support, then the price will generally go directly below the previous low point, but it will also rebound quickly. In other words, the downhill is a matter of a moment, and a false break occurs, and then the price starts to rebound.
Generally speaking, the price will not break through the support of the previous low point directly, but will stay above for a little bit, and then when it falls again, it will directly fall through this position, showing a larger downward trend.
If the previous low point can support and form a double bottom, it will rebound again. As shown in the above figure, I also marked it in a previous market. If the previous low point can support, then the price will generally go directly below the previous low point, but it will also rebound quickly. In other words, the downhill is a matter of a moment, and a false break occurs, and then the price starts to rebound.
Voir l’original
6.13 After the violent fluctuations of Bitcoin! Will it rise or fall next?
Yesterday’s article reminded everyone to pay attention to the news in the evening and early morning. Now we can see from the current market that at 8:30 last night, the United States announced the core inflation rate, which was lower than previous expectations. This was good news, and then the price of Bitcoin began to rise directly, reaching a high of 70,000.
Then the price started to move sideways until about 2 a.m., when the Federal Reserve made its interest rate decision, announcing that it would maintain the current benchmark interest rate. Then the price of Bitcoin immediately began to fall. The ups and downs of Bitcoin's market appeared to be a door-shaped phenomenon. So far, the lowest price has fallen below 67,000, and the current price is around 67,500.
Then the price started to move sideways until about 2 a.m., when the Federal Reserve made its interest rate decision, announcing that it would maintain the current benchmark interest rate. Then the price of Bitcoin immediately began to fall. The ups and downs of Bitcoin's market appeared to be a door-shaped phenomenon. So far, the lowest price has fallen below 67,000, and the current price is around 67,500.
Voir l’original
6.12 Bitcoin continues to plummet! Can the Fed's interest rate meeting reverse the situation?
Bitcoin has started two consecutive plunges in the past few days. The lowest point of yesterday's decline was around 66,000. The current price rebounded by 1,500 points and returned to around 67,500. In the short term, it can be seen that the current price seems to be resisted here and has not been able to rebound upward!
The market in the past two days is not our main concern. We should pay more attention to the news. As shown in the above figure, the US Congress will announce the core inflation rate in May at 8:30 this evening, and then there will be the Fed's interest rate decision at 2 a.m., and of course the Fed's press conference at 2:30 a.m. These are all news that will affect the current price.
Before the announcement of major news, the technical side is often not fully referenced. Once the news is different from the previous expectations, the market will destroy the current technical structure in most cases. So if there is no special grasp, I think it is best to avoid trading in this situation.
At present, we can probably know that the number of non-farm payrolls in the United States has increased before, as we mentioned in the last issue, so the current expectation is that the Federal Reserve will most likely not cut interest rates this time, and the market generally expects that the benchmark interest rate will remain unchanged at this interest rate meeting.
However, before the interest rate is announced, we can know the inflation data for May in advance at 8:30. If inflation is still very high, the interest rate cut cycle may continue to be postponed, which also means that it is bad news, and prices may fall in advance at that time.
It is also possible that due to excessive inflation, it is not impossible to continue to raise interest rates, but the probability of this situation should be very small. I have read a lot of analysis articles, and most of them did not mention this situation. Most people just think that if inflation is too high, the interest rate cut will continue to be postponed, because the market generally expects that the Federal Reserve will start to decide to cut interest rates by at least 25 basis points in the September meeting.
#美联储利率决策即将公布 #BTC走势预测
Bitcoin has started two consecutive plunges in the past few days. The lowest point of yesterday's decline was around 66,000. The current price rebounded by 1,500 points and returned to around 67,500. In the short term, it can be seen that the current price seems to be resisted here and has not been able to rebound upward!
The market in the past two days is not our main concern. We should pay more attention to the news. As shown in the above figure, the US Congress will announce the core inflation rate in May at 8:30 this evening, and then there will be the Fed's interest rate decision at 2 a.m., and of course the Fed's press conference at 2:30 a.m. These are all news that will affect the current price.
Before the announcement of major news, the technical side is often not fully referenced. Once the news is different from the previous expectations, the market will destroy the current technical structure in most cases. So if there is no special grasp, I think it is best to avoid trading in this situation.
At present, we can probably know that the number of non-farm payrolls in the United States has increased before, as we mentioned in the last issue, so the current expectation is that the Federal Reserve will most likely not cut interest rates this time, and the market generally expects that the benchmark interest rate will remain unchanged at this interest rate meeting.
However, before the interest rate is announced, we can know the inflation data for May in advance at 8:30. If inflation is still very high, the interest rate cut cycle may continue to be postponed, which also means that it is bad news, and prices may fall in advance at that time.
It is also possible that due to excessive inflation, it is not impossible to continue to raise interest rates, but the probability of this situation should be very small. I have read a lot of analysis articles, and most of them did not mention this situation. Most people just think that if inflation is too high, the interest rate cut will continue to be postponed, because the market generally expects that the Federal Reserve will start to decide to cut interest rates by at least 25 basis points in the September meeting.
#美联储利率决策即将公布 #BTC走势预测
Voir l’original
6.11 Bitcoin failed to break through! The plunge started! When to go short?
In the previous article, we thought that Bitcoin was likely to break through the key upper resistance and rise strongly, but in the evening of the same day, there was a wave of news, which we could not have expected!
That is, the United States announced the non-farm payrolls in May in the evening. The data released at that time was higher than the previous market expectations. Of course, this is good news for the American society, but for the Federal Reserve, they will think that the current benchmark interest rate is appropriate, so they will postpone the interest rate cut. We all know that interest rate cuts are actually a big release of money, and more funds will flow into the investment market. Then the postponement of interest rate cuts means that large funds will enter the market later, so it is bearish for the current Bitcoin, and then the price began to plummet.
After a few days of sideways trading, the subsequent price began to break down again in the morning of today. The current price has fallen below 68,000.
Then from the current daily situation, the position where the price fell at this time is still supported, which is a trend line support level, as shown in the figure. So from the current situation, it is not very suitable to go short directly. Of course, if you went short when it was sideways before, I think you can still hold this short order now.
But if you didn't go short before, I think going short now is going to be short on the floor, which is more dangerous! If you want to continue to go short, you can wait for the price to continue to break down, and then try it in the short term. It will be better to go short after breaking this key trend line support!
Then I also drew it on the chart. In fact, after breaking this current trend line, the price still has a lot of room to fall. After breaking this trend line, our next downside target can be seen from this trend line below.
#BTC走势预测
In the previous article, we thought that Bitcoin was likely to break through the key upper resistance and rise strongly, but in the evening of the same day, there was a wave of news, which we could not have expected!
That is, the United States announced the non-farm payrolls in May in the evening. The data released at that time was higher than the previous market expectations. Of course, this is good news for the American society, but for the Federal Reserve, they will think that the current benchmark interest rate is appropriate, so they will postpone the interest rate cut. We all know that interest rate cuts are actually a big release of money, and more funds will flow into the investment market. Then the postponement of interest rate cuts means that large funds will enter the market later, so it is bearish for the current Bitcoin, and then the price began to plummet.
After a few days of sideways trading, the subsequent price began to break down again in the morning of today. The current price has fallen below 68,000.
Then from the current daily situation, the position where the price fell at this time is still supported, which is a trend line support level, as shown in the figure. So from the current situation, it is not very suitable to go short directly. Of course, if you went short when it was sideways before, I think you can still hold this short order now.
But if you didn't go short before, I think going short now is going to be short on the floor, which is more dangerous! If you want to continue to go short, you can wait for the price to continue to break down, and then try it in the short term. It will be better to go short after breaking this key trend line support!
Then I also drew it on the chart. In fact, after breaking this current trend line, the price still has a lot of room to fall. After breaking this trend line, our next downside target can be seen from this trend line below.
#BTC走势预测
Voir l’original
6.7 Bitcoin is likely to break through today! How should we choose to get on board?
Yesterday we saw that Bitcoin's macd at the four-hour level was about to form a dead cross, so we thought that the price might be likely to give a callback. Combined with the fact that the Bitcoin price was at the upper rail of the Bollinger Band at the four-hour level at that time, if it was callback, it would most likely be callback to the middle rail.
Then we can also see from the current market that yesterday's price failed to break through a small wave, and then stepped on the middle rail of the Bollinger Band at the four-hour level, and then the price began to rebound. The current Bitcoin price has returned to around 71,500.
At present, the K-line at the four-hour level has also shown a continuous positive trend. From the current macd below the four-hour level, the fast and slow lines have formed a dead cross, but it can also be observed from the red volume column below. Because the price rebounded, the red volume column has a trend of shrinking, which means that the macd fast and slow lines have the opportunity to form a golden cross again above the zero axis.
According to this trend, today's rebound is likely to be able to break through the previous high successfully.
Because we have always said that Bitcoin has a five-wave model on the daily chart, and the current price is in the fifth wave. According to the previous rising trend of the previous waves, the price of the fifth wave may reach the position of 77,000.
So under the current situation of very good indicators, today's price may directly break through successfully, and the trend of the fifth wave will appear in the next few days.
Now there is another question, which is how to enter the market. I believe that many people may not get on the bus. As shown in the figure, because the price gave a relatively deep correction yesterday and came to the position of 70,000, in the short term, the current price has formed a channel downward, and the current rebound is almost at the top of the channel.
Then it is certain that there should be resistance at this position. If you get on the bus at this time, it is likely to become a situation of going long at the ceiling. So you can be more stable and wait for the breakthrough of this channel before getting on the bus, or you can also wait for the fast and slow lines of the macd to form a golden cross according to the situation of our four-hour level macd just now. Get on the bus!
#BTC走势预测
Yesterday we saw that Bitcoin's macd at the four-hour level was about to form a dead cross, so we thought that the price might be likely to give a callback. Combined with the fact that the Bitcoin price was at the upper rail of the Bollinger Band at the four-hour level at that time, if it was callback, it would most likely be callback to the middle rail.
Then we can also see from the current market that yesterday's price failed to break through a small wave, and then stepped on the middle rail of the Bollinger Band at the four-hour level, and then the price began to rebound. The current Bitcoin price has returned to around 71,500.
At present, the K-line at the four-hour level has also shown a continuous positive trend. From the current macd below the four-hour level, the fast and slow lines have formed a dead cross, but it can also be observed from the red volume column below. Because the price rebounded, the red volume column has a trend of shrinking, which means that the macd fast and slow lines have the opportunity to form a golden cross again above the zero axis.
According to this trend, today's rebound is likely to be able to break through the previous high successfully.
Because we have always said that Bitcoin has a five-wave model on the daily chart, and the current price is in the fifth wave. According to the previous rising trend of the previous waves, the price of the fifth wave may reach the position of 77,000.
So under the current situation of very good indicators, today's price may directly break through successfully, and the trend of the fifth wave will appear in the next few days.
Now there is another question, which is how to enter the market. I believe that many people may not get on the bus. As shown in the figure, because the price gave a relatively deep correction yesterday and came to the position of 70,000, in the short term, the current price has formed a channel downward, and the current rebound is almost at the top of the channel.
Then it is certain that there should be resistance at this position. If you get on the bus at this time, it is likely to become a situation of going long at the ceiling. So you can be more stable and wait for the breakthrough of this channel before getting on the bus, or you can also wait for the fast and slow lines of the macd to form a golden cross according to the situation of our four-hour level macd just now. Get on the bus!
#BTC走势预测
