The MA5 moving average is so strong, Bitcoin is riding the wind, when will it reach the top?

Yi Tian said 【market review】

Yitian said【BTC/USDT】

Yitian said【BTC/USDT】

BTC closed at around US$56,141 yesterday. Judging from the daily line, the K-line pattern has shown multiple positives, and there is no doubt that the bullish pattern. After the MA5 moving average has risen in the last half month, the Bitcoin K-line pattern has been standing above the moving average. In just half a month, it continued to pull up the 10,000-point range; it can be seen that the current bulls are strong, but from the perspective of energy indicators, the trend of bulls turning to bears in the short term is normal. The current market is from From the perspective of VOL and MACD indicators, the bulls have begun to switch to the short ones. Looking at the callback in the short term, the entry position is between the first support level and the second support level. This is the best opportunity to buy! The first support level is shown in the picture (point 53,800 US dollars), which is the position where the daily line rebounded yesterday, and it is also the support level of the MA5 daily moving average. The second support level (point 49,000 US dollars) can be seen on the K-line chart , is the pressure level of many trials in the early stage; so today's market is still bullish, as long as there is a pullback, you can buy, and the top is currently seeing the pressure on the Bollinger Belt!

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