📣It is said that the early bird catches the worm, and it is true!

📣 Bitcoin's plan, is it a surge or a plunge!

　Since the 50-point interest rate cut last week, Bitcoin has reversed and risen by more than 5,000 points, but in recent days, everyone should have discovered that Bitcoin's volatility is not very large, fluctuating back and forth by 1,000 points, and it is not continuing to break through. This can only mean that it is currently accumulating power in a correction.

　From the four-hour Bitcoin trend chart:

　[Price trend analysis]

　K-line pattern:

　Recently, the price fluctuated between 63,000 and 64,000, showing an overall oscillating upward trend. There are multiple long lower shadows, indicating that the support below is strong.

Technical indicators:

BOLL: At this time, the four-hour Bollinger Bands enter a narrow and smooth operation. After the Bollinger Bands enter this trend, the market will fluctuate greatly. The currency price touched the lower track in the morning and rebounded in time. At present, the bullish trend holds the advantage.

MACD: The MACD fast and slow lines (DIF and DEA) of the 4-hour cycle are both above the zero axis, but there are signs of gradually approaching. It is necessary to pay attention to whether a dead cross will be formed. The daily MACD is still in the bullish area.

RSI: The 4-hour cycle RSI is close to 60 and has not entered the overbought area, but there is a risk of callback. The daily RSI is around 60, showing a relatively healthy upward momentum in the market.

EMA: The current price is hovering around EMA7 (63135), the upper pressure is at EMA30 (62384), and the long-term support is at EMA120 (60100). The short-term moving average EMA7 and the medium-term moving average EMA30 maintain a golden cross state, supporting continued bullishness.

Trading volume:

The daily trading volume increased significantly from September 20 to 22, and then decreased, indicating that the previous upward momentum was sufficient and it is now entering the adjustment stage. The 4-hour cycle trading volume increased significantly at high points and shrank at low points, which is in line with the typical characteristics of shock consolidation.

　　9/23 Bitcoin stable short-term profit layout:

It is recommended to enter the long position near Bitcoin 63000-62800, and the short-term target is 63800-63600. If it breaks through 64000, you can continue to hold!

If there is a callback, it is recommended to cover the long position at 62300, and the target remains unchanged!

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