Bitcoin is bearish tomorrow
From a fundamental point of view.
The international political situation has temporarily eased from last week's tensions:
Ukraine says other countries exaggerate the risk of invasion.
Russia could consider continuing negotiations with the US and NATO.
So the world's financial markets began to pick up. This can be seen in today's stock market.
So from this point of view, BTC began to rebound and rise.
-------------------------------------------------- ------------------
From a technical point of view.
daily level
The KDJ indicator turned up and was about to form a golden cross pattern, that is, an upward trend.
4 hour level
The KDJ indicator continues to rise, giving a signal of continued rise.
In terms of divergence indicators, this round of decline has formed a bottom divergence pattern of five technical indicators such as RSI, STOCH, CCI, MOM, and MACD.
Generally speaking, a divergence from the bottom at the four-hour level will generate a rise of around 3,000 points.
Therefore, this round of rising, the expected top point is around 44500-45000.
So if it's a good time to enter the market now.
But don't forget that this round of uptrend is just a pullback/rebound of the downtrend process.
Because BTC is still in a descending channel, its overall movement has not disrupted the downtrend.
So even close your order when you get profit.
The international political situation has temporarily eased from last week's tensions:
Ukraine says other countries exaggerate the risk of invasion.
Russia could consider continuing negotiations with the US and NATO.
So the world's financial markets began to pick up. This can be seen in today's stock market.
So from this point of view, BTC began to rebound and rise.
-------------------------------------------------- ------------------
From a technical point of view.
daily level
The KDJ indicator turned up and was about to form a golden cross pattern, that is, an upward trend.
4 hour level
The KDJ indicator continues to rise, giving a signal of continued rise.
In terms of divergence indicators, this round of decline has formed a bottom divergence pattern of five technical indicators such as RSI, STOCH, CCI, MOM, and MACD.
Generally speaking, a divergence from the bottom at the four-hour level will generate a rise of around 3,000 points.
Therefore, this round of rising, the expected top point is around 44500-45000.
So if it's a good time to enter the market now.
But don't forget that this round of uptrend is just a pullback/rebound of the downtrend process.
Because BTC is still in a descending channel, its overall movement has not disrupted the downtrend.
So even close your order when you get profit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.