Bitcoin moved back to the previous ceiling to test its previous resistance. But again, with a strong reaction, the exact resistance was $ 69,000. While the price is the same size as the recorded ceiling, the MACD is not only unrecognized, but still shows a bearish range. And that was a downside.
Then the twin roof pattern was formed. But when the twin roof pattern is formed, the price can be adjusted to the previous swing range. This happened last night, and Bitcoin not only broke its uptrend line, but also temporarily broke the roof of the suffering channel that had become supportive in the past.
The high power of buyers in the price floor is quite clear due to the high candlelight. Therefore, according to the new trend line drawn on the chart, Bitcoin is expected to enter a suffering trend in the range of $ 63,000 to $ 66,000 for a while, so that Altcoins have a chance to grow and compensate for the fall in their prices. These items are accompanied by more details in the 4-hour chart.
Then the twin roof pattern was formed. But when the twin roof pattern is formed, the price can be adjusted to the previous swing range. This happened last night, and Bitcoin not only broke its uptrend line, but also temporarily broke the roof of the suffering channel that had become supportive in the past.
The high power of buyers in the price floor is quite clear due to the high candlelight. Therefore, according to the new trend line drawn on the chart, Bitcoin is expected to enter a suffering trend in the range of $ 63,000 to $ 66,000 for a while, so that Altcoins have a chance to grow and compensate for the fall in their prices. These items are accompanied by more details in the 4-hour chart.