Bitcoin market analysis: the market returns above 13400 again

The daily high of Bitcoin yesterday was at 13320.1, and the lowest point was at 12976.71. On the whole, it is still within the range given by the holders in the morning, and both long and short positions can be reached. Since hitting the daily low of 12976.71 at 19:00 in the evening, the market has rebounded all the way, and the current market is around 13617.

BTC market analysis: On the short-term 4-hour chart, the market has broken through the joint suppression of the moving averages since yesterday evening. At present, the market has been fluctuating above the middle track of the Bollinger Bands. The Bollinger Bands are slightly upward, and the moving averages are upward. The Fibonacci retracement line 13422.23 line in the chart slowly overlaps, forming a short-term strong support level.

In the 1-hour chart, the Bollinger Bands opened again today. From the early morning to the present, the market as a whole has been running above 13422.23. The long position in the MACD below can continue to be released. The fast and slow lines are running above the 0 axis. . The Bitcoin market can be analyzed in combination with the Ethereum market, and the Ethereum market analysis will be in the next article.