Technical Analysis:


1. Bitcoin 4-hour candlestick chart shows a volume-consolidating upward trend (as of 6:10 AM, see screenshot). The 4-hour candlestick is consolidating within the red box channel. Currently, the trading volume is underwhelming. Do not blindly chase the highs. Consider going long or entering spot positions at the support levels marked in the screenshot.
2. The trend indicators for Bitcoin on the 1-hour to daily timeframes are resonating🈳 with a head trend. Short-term operations should take advantage of rallies to go🈳.
3. The KDJ indicators on the 1-hour to 2-hour cycles are both turning downward near the Datu River 80 level (no bullish signals📶). The price has a retracement demand. Short-term operations should take advantage of rallies to go🈳. Once the 15-minute and 30-minute candlestick prices retrace and rebound to the important neckline resistance, it will be the best opportunity to go🈳 for a position🥰 (please set stop-loss).
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