Bitcoin is showing signs of reversal, can the bull market rise again?
【Market review】
In the early morning, the big pie pulled up strongly, and after a few days of sideways trading, it chose to go up again. The trend also broke the previous range-bound pattern. So far, the market has once again reached the previous resistance suppression area of 7600-7550. Whether the price can break through further depends on the bulls Whether the volume can continue to increase, this wave of 400-point pull-up has completely released the market sentiment that has been suppressed for several days, and the market atmosphere has become active again, and the bearish thinking of the previous few days has been put on hold for the time being.
【Market analysis】
BTC：【Market analysis】
ETH：The closing line of the pie daily line remained in an upward pattern, which really broke the rhythm of the decline, which means that the market outlook will enter a shock, and then confirm the direction. The rise that started on Wednesday can be confirmed to be not a rebound signal. Combined with the existing K Line, which has been biased towards the 4-hour reversal signal. As shown in the figure, if the price breaks 7450, it will confirm that the market has entered the daily level of shock again. The shock range is 6500-7800, and if the price breaks 7800, short positions will be cut off, and the market outlook will follow a 4-hour rising rhythm. In terms of details, we should pay attention to 7550. The current price is also at this position. If we stand firm at this position in 4 hours, it is only a matter of time before 7800 breaks through. .
LTC：What can be confirmed at present is that the price has entered into a volatile situation again. 154 is the punctuation point of direction change, and 120 is the last defensive position of the bulls. If the market outlook breaks this point, it will continue to fall. For the time being, we focus on 135. Above, bulls have an advantage, and below, shorts have an advantage. This week, our operation focuses on short and long ranges, with a stop loss point below 120 for layout.
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The opinions stated in this article are for reference only and do not constitute a basis for trading. The market is risky, and transactions need to be cautious!
