BTC analysis:
Preface: Dahe has given reminders in both public dynamics and live broadcasts. The weekly level indicators that have been emphasized need to be repaired. He reminds everyone to control their positions, be cautious in bottom-fishing, and wait for the right side for stability. Even if you can't help but want to bottom-fish on the left side, you must place orders at the limit points. I don't know if everyone has strictly implemented what is mentioned in the live broadcast room or dynamics. Now let's objectively and rationally analyze the market from a comprehensive perspective through the K-line technical aspect.
Weekly level:
(1) The yellow and white lines of the MACD have separated and both turned downward, indicating that the repair has reached the mid-term stage.
(2) The MACD kinetic energy column is below the 0 axis and gradually decreases. From the perspective of the MACD indicator, the weekly level repair has not been completed. The MACD line must be close to the 0 axis and the kinetic energy column must be raised before the weekly MACD indicator can be considered to have been repaired.
(3) At 8 am today, the weekly line of last week was closed, and the weekly K closed below the middle track of the Bollinger Band (the middle track of the Bollinger Band is also MA20, so it is equivalent to falling below the support of the middle track of the Bollinger Band and the weekly MA20.
(4) The weekly MA30 is currently at around 57,600, which can be used as the ultimate defensive position of the extreme point.
Daily level:
(1) The K-line runs below the medium-term moving average and the long-term moving average. This is also the trend of the moving average adhesion pattern that I have mentioned many times being broken. Here, the daily level needs to stop falling and form a bottom structure to start the trend. So I need to wait patiently.
(2) 63,000 is the connecting line of the two secondary high points of the right shoulder of the head-and-shoulders bottom, which is the starting point of the previous rally. Pay close attention to the closing of the daily line at 8 a.m. tomorrow. If it closes above 63,000, the bulls are expected to start a counterattack. If it breaks, it will continue to test the low point of the right shoulder of the head-and-shoulders bottom, which is around 60,000.
(3) Daily indicators show that the RSI is severely oversold and the price is severely oversold.
4 hours:
The 4-hour K-line is still running in the descending channel. In the descending channel, the high point of each rebound is lower than the previous high point. The 4-hour K-line is in a downward trend.
Summary: Weekly indicators need to be repaired. Daily lines fall below all moving averages and show an airdrop trend. 63,000 and 60,000 are key defensive positions. Daily indicators are seriously oversold, and the K line is too far from the moving average. There is a certain rebound demand to pull back to the 120-day moving average position, but the bottom still needs a 4-hour reversal confirmation. If the bulls want to counterattack, at least a 4-hour institutional trend must be formed. For example, the low point is gradually raised, or the bottom pattern (triangle pattern or W bottom, head and shoulders bottom pattern formation, and the second low point is higher than the previous low point). Short-term support is 62,500. If it falls below, it will test the key support of 60,000. Finally, I wish you all to hold on to the darkest moment. Be prepared for a long-term war of resistance. If you are bitter, look at the 25,000 Long March. If you are tired, look at the back of your hand. Come on, coin traders. $BTC
