Technical Analysis Saturday, September 28
BTC
The weekend market was quiet. If it breaks through 66500, it will reach 69000. Whether it can break through or not will have to wait until Monday.
1. Daily: A new high of 66498, breaking through 66500 will reach 69000. The moving average is about to form a golden triangle, the 30-day moving average is upward, the 60-day moving average is flat, and the 120-day moving average is downward, while MACD remains above the zero axis. The bar lines are high and low, indicating that the bulls are slightly better and will repair the technical indicators in a slow-rise mode. After three days of ups and downs, the daily volume has resumed growth again, and the probability of a short-term sharp drop is small.
2. 4 hours: Running in the rising channel, MACD forms a golden cross near the zero axis, and the previous secondary top divergence has been repaired. The 4-hour volume has re-formed an upward trend. The previous callback did not break 62500, indicating that the main three waves of the rise have not yet ended.
[Prediction] Consolidation at a high level over the weekend. The US stock market opened high and closed low for three consecutive days. The short-term trend is facing choices. The correlation between the currency market and the US stock market is close to the historical record. We need to wait patiently for the opening of the US stock market on Monday. Be cautious🈳
