Bitcoin fell below 61,800 in the morning, and our price of more than 62,300 was also directly hit!

However, a bearish trend has emerged in the current rhythm. Technically, the Bollinger Bands are opening downward, which is considered a characteristic of a bear market, meaning that prices may continue to fall or remain weak.

The K-line running in the middle and lower track area also reflects that the current price is relatively low and is suppressed by upward pressure.

The fast and slow lines in the MACD indicator in the attached figure fell below the zero axis, indicating that the short-selling force has dominated in the past period of time.

However, the fast and slow lines are about to form a golden cross below the zero axis, which is a signal change worthy of attention.

Although it is not certain that the trend will reverse, it suggests that the downward momentum may be weakening and the market has the potential to reverse.

The shrinking bearish energy bar suggests that the selling pressure from the bears is decreasing, which further supports the view that the decline may be slowing down.

Overall, bears still dominate the market, but some possible positive signs of change have emerged.

Possible developments:

1. Trend reversal: If MACD forms a golden cross and then continues to diverge upward, accompanied by an increase in trading volume and the K-line breaking through the middle track of the Bollinger Band, it may mean a reversal of the short trend and the currency price will enter a long market. The price is expected to gradually rise and move closer to the upper track.

2. Range oscillation: After the MACD golden cross, the price failed to effectively break through the middle track of the Bollinger Bands, but oscillated between the middle track and the lower track. This may indicate that the market has entered a stage of range oscillation, with a relatively balanced long and short forces and prices fluctuating within a certain range.

3. Short-selling continuation: Despite the signs of a MACD golden cross and a shrinking short-selling energy column, other factors (such as major negative news, extremely pessimistic overall market sentiment, etc.) caused the coin price to still be under strong selling pressure, the K-line fell below the lower track and continued to decline, and the short-selling trend continued.

Operation suggestions:

Radical coin friends: If you tend to think that the trend may reverse, you can consider opening a small number of long orders when the price approaches or breaks through the middle track of the Bollinger Band while controlling your position. Set a stop loss, which can be set below the recent relative low.

If the subsequent price trend is in line with expectations, and the MACD golden cross is confirmed and continues to rise, you can gradually increase your position.

However, if the price falls below the stop loss level, exit the market immediately!

2. Conservative investors may choose to continue to wait and see, waiting for clearer trend signals. Wait for the MACD golden cross to be fully formed and confirmed, and observe whether the K-line can stably stand above the middle track of the Bollinger Bands, and whether the trading volume is expanding. After confirming the formation of a bullish trend, look for a suitable entry opportunity.

3. For those who already have short positions: In view of the shrinking short energy column and the upcoming golden cross of MACD, the short force may weaken. At this time, you can consider reducing your positions appropriately to lock in some profits.

Pay close attention to price trends. If the price breaks through the middle line upward or other bullish signals appear, the remaining short positions should be closed in time to prevent losses from expanding.

Personal suggestions for operation:

You can go long directly at 61500, and set 61000 as the stop loss, mainly because 61000 is the recent low!

In addition, if you hold short positions, you can close them gradually and wait for a rebound!

Friends who are trapped at 62500 can stop loss directly. We will enter at 62500 and then slowly increase positions after confirming the trend!$BTC #BTC走势预测 #BTC15万