How should Bitcoin go?

The pancake continued to fluctuate at midnight, reaching its highest point at the 29879 line, but did not achieve an effective breakthrough. Instead, it continued to fluctuate and move downwards, with the current currency price fluctuating around 29400

The pancake continued to fluctuate at midnight, reaching its highest point at the 29879 line, but did not achieve an effective breakthrough. Instead, it continued to fluctuate and move downwards, with the current currency price fluctuating around 29400.

According to the four hour chart, the opening of the Bollinger belt runs upwards, and the running channel gradually opens upwards. After the continuous positive pull, there is a slight step back adjustment action, but the overall trend still belongs to the multi head and high volume operation state.

From the one hour chart, it can be seen that the Bollinger Belt is running upwards with an opening, while the K-line stabilizes above the mid track. After breaking through the upward trend, the coin price has stepped back and adjusted. The MACD double line crossover has the intention of turning downwards, and the bull energy column is gradually shrinking. This does not mean that the bears are strong, but that the bulls need some consolidation and repair to prepare for the next high. The KDJ triple line crossover is running downwards, and there is a certain demand for bottoming below, In terms of daily operations, the main focus is on going long by stepping back.

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