Bitcoin has completed its bottoming at 6.20, and a new rise is expected next week.

CN
5 hours ago

On Thursday, Bitcoin experienced a wave of flooding, with the price dropping directly to around 623, then it stopped falling and slowly rose back on Friday. Currently, the price is approaching the 64 mark again, indicating that the current trend is characterized by wide fluctuations; one should avoid chasing highs and selling lows.

On the four-hour level, the Bollinger Bands are in a contracting downward pattern. After testing the lower band, the price gradually increased, accompanied by solid candlesticks. The current price is testing the mid-band pressure point, and the auxiliary indicator MACD has turned upwards. The bulls are gradually starting to release volume, and each time a dip occurs, the low points are constantly rising. Therefore, it is evident that the price trend in the future still presents a bullish upward trend.

Thus, on Saturday, it is recommended to buy in batches at the 63300-63000 area, aiming for a target in the 64500-65500 range. The upward space may require time to change.

Follow the official account, "What Solves Worries, Only Jiang Wei," a treasure analysis blogger who maximizes emotional value. Trading education is shared for free, bringing stability and clear guidance in the restless trading market, crossing three cycles of bull and bear markets and years of trading experience. Expert in Naked K, trends, Dow Theory, Gann, harmonic analysis, Chande, wave theory, and other technical analysis, gathering into unique personal insights.

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