MoonRocketTeam
Early morning analysis of Bitcoin pattern on January 5th
From the hourly K-line perspective, Bitcoin maintains an overall upward trend. The price is moving in the upper-middle area of the Bollinger Bands, and each time it returns near the middle band, it finds support, indicating that the bulls are still relatively strong.
The three lines of KDJ are currently clustered around 45-46, with values very close and showing an upward convergence trend. This usually signals that the short-term consolidation phase may be coming to an end, and a further upward push is likely soon.
The key point is wheth
From the hourly K-line perspective, Bitcoin maintains an overall upward trend. The price is moving in the upper-middle area of the Bollinger Bands, and each time it returns near the middle band, it finds support, indicating that the bulls are still relatively strong.
The three lines of KDJ are currently clustered around 45-46, with values very close and showing an upward convergence trend. This usually signals that the short-term consolidation phase may be coming to an end, and a further upward push is likely soon.
The key point is wheth
BTC1,35%