Bitcoin first appeared in Sanyang Kaitai, can the 10,000 yuan mark be successfully broken?

Yitian丨Bitcoin first appeared in Sanyang Kaitai, can the 10,000 yuan mark be successfully broken?

Recently, the daily level of Bitcoin has closed positive continuously, and the K-line pattern shows the Sanyang Kaitai indicator. Does it indicate that Bitcoin will continue to be bullish in the near future, and it is easy to break through the 10,000 yuan mark?

Judging from the current big cycle trend, the bullish situation of Bitcoin remains unchanged, but now the energy of the bulls continues to explode, and there is a trend of exhaustion. Even if it breaks out again, the upper high is estimated to be around 9800, and the 10,000 yuan mark may not be very hopeful in the near future!

Yesterday’s bitcoin market was very clear. During the day, it was always looking at callbacks, and it was bullish at the end of the day. This kind of market has lasted for a few days. Is it going to follow this trend again today?

How will the market outlook be interpreted? Let’s see the analysis of Yitian (aphz8705):

Let’s look at the 4-hour cycle first: the opening of the BOLL channel is upward, and the moving averages and the middle rail of the BOLL are running upward one after another, forming the lower support of the current Bitcoin market; at present, Bitcoin has touched the first support below the yellow MA5 moving average at 9558 ; It can be seen from the figure that the second support below is located at the price of the blue MA10 moving average at 9499; the third support is located at 61.8% of the Fibonacci retracement line at 9418; Pay attention to the second and third support positions!

Then take a look at the 2-hour chart: It can be clearly seen from the chart that Bitcoin’s recent market has shown a ladder-like rise, and the strong support below is located at the middle rail of BOLL. Every time the market pulls back, it touches the support at the middle rail Afterwards, the next stage of pull-up began; the current BOLL channel continues to open upwards, and with a wave of corrections in the morning Bitcoin market, the BOLL channel has shown signs of closing slightly; the focus below is on the support at the 9493 price of the BOLL middle rail!

Upper pressure level: 9650, 9760

Lower support levels: 9500, 9420

That's all for today, see you in the next article!

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That's all for today, see you in the next article!