Is Bitcoin about to start a reversal? Surprised yesterday "V" shape

Exclusive original 丨Is Bitcoin about to start reversing? Surprised yesterday "V" shape

Hello everyone, I am your friend Yi Tian (aphz8705). In the past two days, many friends have asked me whether the pancake can still go up. I replied that it is currently a short market. Although there will be a sharp rebound in the middle, the general trend is still going down!

Recently, the price of Bitcoin has fallen too much, and the whole market has been stimulated. In the past few days, Bitcoin has started to dive from the price of 12050. Yesterday, it continued to hit a new low again, reaching near the 9887 line, and the drop reached 2163 points;

After the market fell in the morning yesterday, the market was rebounding throughout the day, reaching the highest point of the day around 10530 around 6:00 pm, and then the market began to fluctuate downwards, and reached a new low at 10:50 pm , reached the lowest point near the 9887 line; then the market rebounded rapidly, and recovered the falling range in just 10 minutes. It was in the rebound throughout the late trading, and reached the high point of 10630 at 5:00 this morning. nearby. On the K-line chart, there is a "V"-shaped reversal pattern as a whole. Is Bitcoin going to reverse the short position?

Let's take a look at the market trend of BTC:

Looking at the weekly K shape of the big cycle, in the case of the previous few weekly K closing negative, this week directly pulled down a big negative, and the currency price touched the upper track of BOLL at the highest level and touched the middle track of BOLL at the lowest. The current market is consolidating At the blue MA10 moving average (10555); with the deep downward trend of this week's market, the BOLL channel has begun to close; the subsidiary indicator MACD fast line has begun to tick downward, the energy of green bulls has gradually decreased, and the advantage of short positions is getting more and more Big; today is Saturday, and tomorrow will start to close the weekly line. The pressure of the moving average here is at the key point of the cost week. Yitian (aphz8705) believes that if the close line is above this mark this week, then Bitcoin will rebound in the future Hope, but if the line closes below this mark, then Bitcoin will continue to continue to be short, and it will plummet!