The daily chart of Bitcoin has formed a small bullish candlestick again, consistent with the previous view of a continued upward trend in prices. The bullish momentum is starting to return, and the market continues to warm up. Hopefully, we will soon see the appearance of a large bullish candlestick. The price has just reached the 20-day moving average on the daily chart, and there may be a short-term bottoming out after being suppressed again. There is an opportunity to enter the market if it falls!

In the medium term, the upward oscillation pattern is still maintained, and it is still in the process of the trend conversion mentioned yesterday. The probability of continued upward oscillation in the future is relatively high.

The short-term volatility continues to narrow, but the market is still highly chaotic. There may be a downward adjustment during the day, but due to the messy trend, there is not much operability, so it can be ignored.

Strategy: Short-term high selling or wait and see

Long-term, stay bullish

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