Hello everyone, it's a new week. Yesterday, Bitcoin began to fluctuate upward after the opening, until the price reached 30323 in the afternoon, but it did not stabilize and continue to rise. Instead, it fell rapidly under pressure and fell to 29626 to stop falling. After a night of shock repair, the current price of the currency has stabilized and is fluctuating around 30300.
From the technical structure, at the 4-hour level, the Bollinger Bands are still showing an upward trend, but the opening is gradually shrinking. The currency price is currently running on the upper track of the Bollinger Bands, and the overall trend is still in an upward channel. After each pull-up, the currency price will quickly fall back and enter a consolidation stage. It is currently in this state. From the MACD, the short volume column begins to increase, and the three lines of the KDJ indicator move out of a parallel form. In this volatile market, the upper pressure support is very solid. From the overall situation, the currency price did not fall below 29,600 yesterday, and the support level was higher each time. The currency price also frequently hit the 30,000 mark, which shows the strength of the bulls. The intraday idea is still to follow the low-multiple idea!
Monday morning trading suggestions
BTC 30100-30200 range long target 31000-31500 defense 29700
If you are in a period of confusion and don’t know what to do, you might as well communicate with Yiwen. Perhaps an unexpected look back can give you some enlightenment and lead you out of the predicament.
