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Fncel_Kgd

MACD golden cross of BTC 4H is 100% correct in the last 4 times

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
Fncel_Kgd  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Support and Resistance Trend Lines Moving Averages BTCUSD btcusdlong btcusdidea
4
0
supportandresistance trendline movingaverage btcusd btcusdlong btcusdidea

Strongly bullish on BTC

Reason 1: Since the US CPI data was announced at 9.1% on July 13, bitcoin first plummeted by nearly $1,000, then rebounded to erase the decline, and the market reversed, proving that even if the CPI data is very poor, it has a limited impact on the crypto market.
Reason 2: Bitcoin is still in a perfect ascending channel and the price is close to the support level , so it has a higher probability of continuing to rise.
Reason 3: The last 4 times the MACD indicator golden cross has shown a big increase, and the correct rate is 100%. Now the 4H golden cross has appeared again, and the market is expected to continue to rebound.

Conclusion: Bitcoin will continue to rise, focus on the support and resistance lines on the chart.

Ideas from traders with 10 years of trading experience
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