BTC tested the previous high of 58,500 USD three times last night, and encountered strong resistance. So, will it fall when such a signal appears? Is there a possibility of a breakthrough?

We open the column from the 1-hour level, and the indicators MACD and

KDJ both show bottom divergence. So in the short term, the market has failed to test the breakthrough many times, which has caused the market to fall and adjust and repair. In addition, everyone needs to pay attention to the time cycle. Today is Friday. If there is no breakthrough today, it means that the breakthrough may become smaller over the weekend.

Looking at the 4-hour level, KDJ also shows a top divergence. If the market rises to around 59,500 and strong pressure appears again, pay attention to the possibility of forming a wedge, which is a bearish pattern.

Therefore, after a correction to repair the divergence, the possibility of rising again is the greatest, which also gives everyone the opportunity to intervene at a low price again. However, there is always an unpredictable probability in the market. If it rises directly and breaks through 60,000 USD, this possibility does not seem great at present, but it can only be stabilized at 60,000 USD before making a layout.

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