Yesterday's market just happened to test important support while I was recording the market analysis in the afternoon, and then it quickly rebounded. From yesterday's adjustment, this round of bullish momentum is very strong. This morning, it rebounded directly to around 94400 from the highest point.
Looking back at today's daily chart, the 5-day moving average that I mentioned yesterday crossed above the 120 and 180-day moving averages in just one day, pushing up the rise to 94400 this morning. Now it has retraced to test the 5-day moving average. Today's low point will focus on the 5-day moving average strategy for a buy on the retracement, but here we still need to wait for the 10-day moving average to move up, as well as the adjustment of the MACD. Only after the 10-day moving average rises, and when it crosses above the 30-day moving average, will it influence the next breakout.
On the four-hour level, the Bollinger Bands did not complete the contraction yesterday, and the pullback to the middle band is not very thorough. From the naked candlestick mindset, the four-hour chart has already started to adjust in a sideways manner at a high position. During the day today, it will still go back to test the low point of the middle band, waiting for the completion of the contraction of the four-hour Bollinger Bands before we will have the next wave to choose the direction.
On the one-hour level, I mentioned yesterday that we need to break out of a range. Now it looks very clear, and it's much easier to do high sell and low buy within this range. $BTC #币安Alpha上新
Upper resistance: 93500-94000
Lower support: 92650-91500