BTC: The bulls announce a counterattack in a short run
In recent days, I emphasized the important point of the $7,400. In the early morning yesterday, the bulls also gave a wave of retaliatory back pumps, successfully broke through the $7,400 and stood firm. At present, there are signs that the trend is being pulled into a long position in the short term. The $7,400 is also converted from the previous pressure level to the current support level.
From hours chart, the BOLL line is opening upwards, and the price runs between the upper and middle rails, showing a certain long market. And after the price hits the middle rail, it starts to rebound and looks like a wave of rising.
KDJ started to turn up after the oversold area was formed. At present, there are signs of forming a golden fork. Combined with MACD, the price is running above the 0 axis. Although it is currently in the state of a dead fork, the green bar has not expanded. There are signs of being further suppressed into a golden fork. Taken together, the overall trend is more biased towards the bulls.
The lower focus is on the $7,400 support. If it goes below, you can consider enter. The upper focus is on the pressure near $7,700. If the upward momentum is blocked, you can consider do the short.
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From hours chart, the BOLL line is opening upwards, and the price runs between the upper and middle rails, showing a certain long market. And after the price hits the middle rail, it starts to rebound and looks like a wave of rising.
KDJ started to turn up after the oversold area was formed. At present, there are signs of forming a golden fork. Combined with MACD, the price is running above the 0 axis. Although it is currently in the state of a dead fork, the green bar has not expanded. There are signs of being further suppressed into a golden fork. Taken together, the overall trend is more biased towards the bulls.
The lower focus is on the $7,400 support. If it goes below, you can consider enter. The upper focus is on the pressure near $7,700. If the upward momentum is blocked, you can consider do the short.
Follow to receive daily cryptos analysis
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