There is still a key step that has not yet been determined. How to define reversal
After the nightly rebound, the overall trend today is still in the process of sorting out the rhythm. The hurdle of 7500 has not stabilized, or there may be a possibility of testing support and defense downwards again. BTC also needs to find support downwards to have a chance to rise again with the help of the rebound.
In the four-hour level, the trend came to sort out between the MA10 and MA60 moving averages. After a long period of consolidation at the high level of the Bollinger Bands, the bulls under the pressure of resistance did not choose to retreat, but waited for the arrival of support at the high level. The MACD in the attached indicator has finally returned to above the zero axis. The short position is weaker than the long position at this stage, and the arrangement in the later period is likely to go to a higher position. It is recommended that everyone prepare for the multi-order layout.
The bulls could go further today, but the resistance above 7500 is strong. Today, it is under pressure at the four-hour level MA60 moving average, but other levels of moving averages are arranged in a long line. The support of 7400 is gradually approaching the current price. Pay attention to 7350-7400. If it breaks here, it will be empty Single follow-up to 7200, the daily line level also shows a multi-strength trend, the current resistance has reached the 7600 line, the continuous shocks during the day today are likely to store energy for the next round of upside, breaking through 7600 again will test the 8000 big After experiencing the rebound of the 6500 line, it is very likely that the bulls will make continuous efforts at this stage.
In the hourly chart, after many times of downward pinning, the downside of the Bollinger Bands has not been opened. There are bulls defending the MA30 moving average 7400 and the MA60 moving average 7260 below. If the subsequent fall breaks here again, there will be Look further down for opportunities to support around 7000. Whether it is the accumulation of income in the shock, or the expansion of income in the long-short period, Jiayong will bring you the most comprehensive analysis and suggestions to help you achieve ideal results in the end. If you want to get my instant guidance and advice on more mainstream currencies Friends of friends can pay attention to the official account/Jiayong Kanbi circle.
