Bitcoin is facing a key decisive battle, will the bulls rise?

• As of the update, the current price of BTC/USDT is US222,438, and the daily performance still shows a short trend, but the current price has been maintained at a small fluctuation, not quantified, this situation is much like just after an unusually intense exercise, you need to calm down.The current position of the daily line near 22500 is the key. If it can stabilize at this position, then the price environment of BTC/USDT will be greatly improved; there is even an opportunity to rebound to the 23700 mark; and once the 22500 position cannot be held, then BTC may fall to the level of 22000 or even 21500.
  

Judging from the 4-hour chart, the price of BTC is gradually shifting upward, and the MACD technical indicators are gradually rising. However, in terms of strength, the short-term will not rise too high. It is estimated that there will be no major fluctuations in the first few days of this week, and it will run in the range of 22200-22700.

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Comment:

At present, it has reached the key position of the large level. Bitcoin 21500 is the last defensive position for the bulls. If the closing line is still below this position after the break, there is still a lot of room for bears. (The current market is normally going to the downside to confirm the large-level bottom support, but there is still no downward momentum. There is no downside momentum, and it has not even touched 22,000 in a few days. It is okay to be cautious and short a lot of positions, so just continue to wait)