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Bitcoin daily chart shows that after the bottoming and rebound phase, the previous candles completed a short-term correction with bearish candles!
After the market opened today, the price moved straight up to test the 7-day moving average resistance band. Currently, the Bollinger Bands are clearly narrowing, indicating a tightening trend. Although the short-term moving average system still maintains a downward arrangement in a bearish pattern, divergence signals among indicators are gradually emerging.
The MACD indicator's fast and slow lines continue to extend downward, but the signs of a turn are becoming more evident. The volume bars are shrinking in tandem, confirming that the bearish momentum is steadily weakening.
The KDJ indicator, after completing a low-level crossover, is steadily diverging upward. The VR indicator remains sideways within the 60 range, indicating that the bulls and bears are in a dynamic battle for control!#当前行情抄底还是观望？ $BTC