I just looked at the daily chart of Bitcoin, and actually, I see the daily chart of Bitcoin as an ok candlestick. It just happens to have retraced to the 60-day moving average. The 60-day moving average is generally a major cycle line, and it is also a watershed for bullish and bearish trends. If it holds after the retracement here, it indicates a new market trend.

If it's good, it will rise directly; if it's not, it may take some time to consolidate.