Bitcoin has been fluctuating for many days in a row and has been fluctuating in a narrow range. Yesterday we gave it more than 30,200 and completed the harvest at 30,400. After rising last night, it fell back. The intraday currency price still adopts a low-long strategy. Although the morning market has been fluctuating around 30,100, the support below 30,000 is still difficult to break!
Currently in the 1-hour technical chart, the Bollinger Bands are shrinking downward, and the market is in the middle and lower track area. It is currently continuing to move downward along the lower track. The K-line has been in a continuous negative rhythm. Although there has been a rebound in the middle, the strength is far from enough, indicating that the decline is still continuing. 30,000 is the nearest support. The MACD indicator in the attached figure crosses the zero axis downward, and the line head is downward. The short energy column is also in a large volume state!
In the 4-hour chart of Bitcoin, the Bollinger Bands began to shrink, the market has fallen below the middle track, and is running in the middle and lower track area. The K-line has shown continuous broken negative lines, and the short-selling force is dominant, but the force is not strong. After falling back to the lower track, it will rebound. The MACD double lines of the attached indicator extend upward below the zero axis, and the bullish energy column has a shrinking rhythm!
Zhou Dongran suggested:
Pullback to more than 29900, target at 30500, defense at 29600!
If you have any questions about the latest trends, please reply in the comment section and we will answer them randomly! #BTC #ETH $BTC $ETH
