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Bitcoin falls slowly and rises, and the bulls are once again exerting force. So, can it break through to a new high today? Personally, I think the probability is quite high, after all, there have been multiple bottoming out during the fall, so why not prepare for a rebound!!

Market analysis: The four-hour chart indicators show that the candlesticks are running in a range, with three consecutive bullish candlesticks rising. Attention is focused on the resistance at 37500. If it breaks through during the day, the market will continue to be bullish, breaking through the 38000 mark. The daily Bollinger Bands are opening upwards, with the lower points of the pullback continuously rising. The MACD is shrinking in a bearish trend, and the coin price is maintaining its position above the middle track. Although there is a pullback, it has not stabilized, and the overall trend is leaning towards a bullish signal. Therefore, it is expected to continue to pull back and rise during the day.

Reference area: Long in the 37050-36900 area, with a target of breaking through the 37500 mark and aiming for the 38000 mark.

A nationally registered senior financial analyst with a master's degree in finance, rich practical trading experience, and unique trading concepts. Specializes in unique research on the cryptocurrency, Bitcoin, and Ethereum markets. One of the earliest veteran analysts in the investment field in China. If you need cooperation or assistance, you can private message the teacher or follow @沐长青-说趋势

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