$BTC Crypto academician: The 7.16 Bitcoin (BTC) cycle pattern gives the answer—will the trend soon become clear?


  
  Current Bitcoin is at 65,000. Many people who bought the dip under 64,000 have been worn down and have no temper left, and others who chased higher near 65,000 got trapped. The market now is like a twisted contradiction: it doesn’t want to fall and break down, but it also lacks the strength to push up and break through. The most stable way is to wait for a pullback, then get on its back—our fellow coin friends are already settled and holding steady while going north below 60,000.
  
  The daily K-line is between the prior downtrend Fibonacci 78.6% retracement and the 100% retracement range. In the short term, it has stabilized and rebounded within the rebound channel after the 57,758 low. The EMA moving averages are still arranged heading south, but the short term has turned—15EMA and 30EMA form support below. Price has already moved above these two moving averages, but it is still under pressure from the 60EMA and 90EMA. The MACD indicator DIF has crossed above DEA, and the red histogram continues to expand, showing that rebound momentum is still present. The Bollinger middle band 62,304 is curling upward; price is between the middle band and the upper band at 66,080. Short-term consolidation is slightly bullish, but it hasn’t broken through the upper-band resistance, so the trend has not reversed yet.
  
  The four-hour K-line has already moved above the EMA15, 30, 60, and 90 moving averages. The moving averages have shifted from being arranged to the south to turning northward, sticking together first and then diverging, forming a short-term rising channel. The Fibonacci 23.6% level has been broken through and has become strong support below; resistance is overhead at 38.2%. The MACD indicator DIF is running above the DEA; the red histogram stays above the zero axis. Although northward momentum has weakened, there is no obvious bearish divergence. The Bollinger middle band 63,721 is pointing upward; price has touched near the upper band at 65,826. In the short term, a pullback is needed. The Bollinger lower band at 61,616 is strong support below. Overall, it presents a pattern of high-level consolidation that is slightly bullish.
  
  Short-line reference:
  
  As long as the 64,000 to 64,500 area holds and doesn’t break upward, set a stop loss at 63,500, and targets are 66,000 to 66,500.
  
  As long as the 66,000 to 66,500 area holds and doesn’t break downward, set a stop loss at 67,000, and targets are 65,000 to 64,500.
  
  Actual execution should mainly rely on the real-time order book data. For more information and details, you can check with the author. The article release is delayed—this is only for reference; risk is yours to bear ‌ #预测世界杯阿根廷VS英格兰
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