Three lines close, reversal coming? ? ?
After the weekend market experienced a retracement and bottoming out, it fluctuated at the bottom and washed out the chips. The turning point market started an hourly rebound. Bread also broke through last week's oscillation range and came to the 63,500 line. Ethereum also stood on the 3,500 mark again. So far, the bulls are still in the stage of increasing volume, and the subsequent currency price is expected to continue to rise.
From the daily level, the bottom pattern is established. The next thing to focus on is the height of this upward rebound. The 65,000 line will be another short-selling resistance point encountered by the bulls. Combined with the MACD zero axis, it is pulling back to the zero axis. After this upward move comes out, it is likely to construct a secondary center.
Looking at the 4-hour chart again, as the price of Bread breaks through 62,500, the 4-hour upward section finally came out. The five-day positive trend also opened the oscillation range. The moving average indicators have effectively broken through in this round of rise. The white market continues to pay attention to the rebound strength. In terms of layout ideas, wait for a small retracement before continuing to enter the long position.
