The analysis of the current 4-hour chart shows that the Bollinger Bands are shrinking, indicating that price fluctuations are decreasing, and the market may enter a consolidation phase. This means that the previous trend may temporarily slow down, and the price breakthrough direction needs to be further observed.

The three consecutive negative lines of the K-line indicate that the market has fallen continuously, but the long downward needle indicates that there is a certain amount of bullish support during the decline. It is obviously a sign that the main funds are absorbing funds at a low level.

The attached MACD indicator shows that the short position is increasing, which means that the short position in the market is strong in the short term. However, the signal of the MACD indicator may have a certain lag. The KDJ indicator has a tendency to form a golden cross upward below the level of 23, which is a short-term buy signal.

On the whole, Bitcoin may have fallen into the bottom, and the support below is relatively strong. The bulls may usher in a wave of counterattacks at any time, so this moment is a better opportunity to intervene in long positions!

Suggestion:

Buy directly at 60200, target at 62000, defense at 59500! $BTC $ETH #BTC☀ #BTC突破7万大关