Hello everyone, I am Eleven. Today we continue to review Bitcoin BTC.
Today, when I was observing Bitcoin, were there any friends who were following the latest trend of Bitcoin like me? Then today, I noticed that Bitcoin created the longest positive line after the monthly K-line in October touched 69,000 points. But the closing line was very small. We saw that after closing this morning, Bitcoin was still hovering around 34,500.
We can use the relative strength index (RSI), moving weighted average (MWA), Williams fractal (fractal) and moving average convergence divergence (MACD) in the above figure to determine the price pattern of (BTC) to determine the subsequent direction.
Recently, the price of Bitcoin has continued to rise and is now at $34,420. From the daily K-line chart, I noticed that the overall trend is also fluctuating upward. The weekly K-line price is above the upper track of the Bollinger Band, and the monthly K-line closed with a big positive line, with more than 3,000 points of space from the upper track pressure of $37,800.
The strategy given today is to suggest a pullback to 34300 and 34000, with a target of 34800 and 35200, and a defense of 33800.
It can be seen from Figure 11 that the current upward momentum of Bitcoin prices has not yet shown any signs of stopping, so the bullish force is still strong.
The above analysis only represents personal opinions and does not represent any participation recommendations.
If you have any questions, you can ask me directly. As long as it is something I know, I will tell you everything!
