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5.21 Thursday Heavy News! The upward trend is set, a pullback means buying.

CN
沐长青翻仓大师
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2 hours ago
AI summarizes in 5 seconds.

Bitcoin has finally welcomed a bullish counterattack. The support level was not broken during the downward push, and the bears failed to continue, which instead formed a base-building pattern. Subsequently, the price rebounded overnight and has now broken above the 78 mark. It is evident that the future trend is still showing an upward movement.

Analyzing the four-hour chart, the Bollinger Bands are gradually turning upward, and the price line has broken through the upper track, showing signs of indicator movement upwards. The MACD bulls are beginning to release energy continuously, with the fast and slow lines diverging upward. It can be seen that the current chart is in a bullish pattern.

It is advisable to gradually look bullish around the 77300-77000 area, targeting around 79500, and if it breaks through, continue to look towards around 82000.

Follow the public account, how to relieve worries, only Jiang Wei, a treasure analysis blogger with high emotional value, sharing trading teachings for free, bringing stable forces and clear guidance in the restless trading market, having gone through three rounds of bull and bear markets and years of practical trading experience, specializing in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analysis, gathering into my personal unique insights.

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Selected Articles by 沐长青翻仓大师

1 day ago
5.20 Wednesday, the double bottom structure is gradually being confirmed, the neckline breakthrough is imminent, and upward movement can be expected in the future.
2 days ago
On Tuesday, May 19, Bitcoin confirmed strong support at 76,000, entering a period of consolidation.
3 days ago
Weekly structure repair, support level has been reached, BTC is clearly bullish in the medium to long term.
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