Today’s Bitcoin Trend Analysis

The current price of Bitcoin is around 113,100. This morning, after hitting the 110,000 mark, the market rebounded to the current level near the intersection of the 1-hour EMA30 and the middle track. The upper track of the BOLL channel is continuing to close and forming a new round of top pressure with yesterday’s high point. Although the green column in the MACD intends to increase the volume, and the DIF and DEA are also trying to form a golden cross, the KDJ and RSI are close to the overbought zone. The risk of a short-term correction still exists. Even if there is room above, it will not be very large. We can pay attention to whether the middle track can stabilize and break through the first range resistance of EMA60 and EMA80. The bearish indicator on the daily line still exists, and the idea is still to rebound and go short!