Bitcoin has returned to more than 60,000 US dollars without any surprise, which can achieve two effects.
The first is: only when it returns to more than 60,000, miners will have enough sense of security.
The second is: giving people a feeling that Bitcoin is relatively strong.
Use the Qianlong strategy to analyze the short-term market of Bitcoin in four hours:
1. Bitcoin is currently in an upward trend in four hours, which can be clearly seen from the two trend lines in the figure.
2. At present, the price of Bitcoin has come to the pressure level formed by the dense trading area above. It can be seen from the figure that the pressure of the entire dense trading area is very high.
3. The last four-hour K-line showed a pregnant line pattern. The pregnant line appeared at an important pressure level, which means that the market is about to enter a shock, which is also a verification of the upper pressure.
4. The four-hour market has broken through the BOLL upper track, indicating that the bulls are very strong.
5. In this overall wave of market, the rise is large and the fall is small, indicating that the power of the bears is weakening.
Through the above clues, Bitcoin is currently in a state of shock in the four-hour period. The bulls are relatively strong, but there is a pressure point above, and the pressure of this pressure point is still very large, so the market needs to enter a state of shock and accumulation, but the shock will not last too long.
