Bitcoin continues to rise this week, a bit like a bullish return. So next week, will Bitcoin continue to rise or should it make a correction?

Looking back at the market this week, the overall market is running in an upward trend. Although there have been some retracements, they have been suppressed by the bulls' strong upward movement. Last Saturday, the 58,000 long position of 65,000 on 9.14 last Saturday also cashed in nearly 7,000 points. Lirun Space, I believe everyone who is interested has more or less eaten it. Behind every strategy requires a lot of effort, and because you can’t see it, I hope everyone can cherish it. Let’s see what the general direction will be next week.

From a weekly perspective, the price has bottomed out at 49,000 in the early stage to form a bottom support and then broke through the middle track with a continuous upward trend. In terms of form, it shows a trend of bottoming out and rebounding. In terms of structure, it has formed an obvious reversal and is running in a bullish trend. The two physical Dayang K's drive the moving average upward. From the perspective of the big cycle, once the trend is formed, it will inevitably continue. The current top 65,000 is the key resistance. Once it breaks through, there is a high probability that it will continue above 70,000. The general direction is We continue to be bullish.

At the daily level, the Bollinger Bands are running in a divergent form. After being supported by the middle rail, the k-line rose strongly with 4 consecutive positives and broke through the upper rail, which was under pressure and fell back. Currently, the k-line is also running near the upper rail. The bullish trend in the short term is relatively It is obvious that the MACD golden cross of the indicator in the attached picture continues to run upward, and the KDJ three lines shrink to high levels and need to be adjusted. The current overall strong structure has not changed, so we maintain the bullish thinking in the general direction of the market outlook unchanged!

Focus on the 65000 line. This area is the watershed between bulls and bears. If it can break through, the price will continue to rise until it reaches the head of 7. If it fails to break through, a double top will form above and a downward correction will occur. Then it is time to turn around. direction short.

Personal long-term advice:

The big pie is in the 62500-61500 area, look at 65000-68000-70000, and defend 60000

Ether 2500-2420 area is more, look at 2700-2900, defend 2300

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