Early Review: Bitcoin has been fluctuating and consolidating at the $100,000 mark for a long time, and the defense line is not stable. If it cannot break through strongly in the future, it will lose the bull market momentum! Previous situation review: In the market trend analysis on Saturday, Shepherd said that Bitcoin must not only quickly break through the 102,500 Fibonacci 1.414 indicator suppression, but also stand firm at the psychological barrier in people's hearts, that is, $100,000! This barrier is regarded by most people as a landmark milestone for Bitcoin to truly go global and gain more recognition. In the past weekend, Bitcoin quickly stood firm at $100,000. #比特币行情
As of this time when Shepherd posted, Bitcoin is in channel consolidation, and the current 4H level support is at 98365 below. We can see that if Bitcoin follows the route arranged by Shepherd and oscillates in this channel, if it goes down, the position close to the lower track of the channel will coincide with the white line I drew. This is a key position ahead, so we can regard this as an intervention signal at the intraday 4H level and a reference indicator for whether Bitcoin can stand firm at this position during the day!
The weekly K-line level still maintains a strong bullish low position. Among the various K-line signals sorted out by Muyang, there are such graphic signals. We can see that in the past two weeks, two very beautiful spindle lines have been closed in succession, and last week's closing line was above, with the top raised. This shows that the bullish signal is strong. If we use the large-cycle weekly K-line as a reference for the medium and long term, then if the retracement this week does not break the previous low point, it is the best opportunity to intervene!
At the daily K-line level, Bitcoin is running above the middle track of the Bollinger Bands and running within the price channel without breaking! We can see that the bottom is constantly rising, and these signals all indicate that the Bitcoin bullish signal is strong! So for the future market, if Bitcoin stands firmly at $100,000, the market will continue to rise! Don't worry too much!
Intraday: Intervene at 98365! Or intervene after the upper Bollinger Band is broken on the right! ETH: ETH is relatively stable and is also a point where we focus our firepower this month. ETH is currently running above the support level, and buying at a low point is an opportunity!