Let's analyze the current trend of $BTC .
Analyze from various levels.
From the daily level, the direction is upward.
The K line has come above the 120-day line.
And it seems to have stabilized on the 120-day line.
The 120-day line is recognized as the dividing line between bull and bear.
Standing on the 120-day line means that the bull market is still there!
The MACD fast line is above the slow line.
The fast and slow lines are approaching the zero axis.
The energy column seems to be getting stronger!
The K line has run to the upper rail of the Bollinger band.
And it runs close to the upper rail.
So the daily level is likely to be upward!
From the weekly level,
After two consecutive weeks of rise,
Two large positive lines were pulled,
The previous decline was basically recovered!
The K-line is already above all moving averages, and has already run to the middle track of the Bollinger Band. The MACD fast and slow lines are above the zero axis, and the upper part belongs to the sphere of influence of the bulls! So the weekly level is also upward! Looking at the monthly level, the K-line is currently a positive line with a long lower shadow, and the lower shadow is more than twice the length of the positive line body, indicating that the bulls are very strong and can recover more than half of the decline! Although the MACD energy column has a weakening trend, the fast and slow lines are above the zero axis, and the upward momentum is a little insufficient, but it does not prevent the occurrence of aerial refueling! The K-line runs on the upper and middle track of the Bollinger Band! So the monthly level is still upward! In summary, the general direction is optimistic! It is normal to rise and fall in the short term! Just grasp the general direction! The macro environment is also optimistic!
The above content is for information sharing only,
does not constitute any investment advice!
Investment is risky, please be cautious when entering the market!
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