Bitcoin Has Entered A Short-term Correction, How Long Will It Last?

 2021-06-15 09:31:37

Today’s News

1. MicroStrategy applies to sell 1 billion U.S. dollars of stock to buy more bitcoins;

2. Goldman Sachs plans to provide customers with Ethereum futures and options.


Today’s Bitcoin Market

Let's analyze the recent trend of the big pie. Bitcoin continued its Saturday's rise on Sunday, pulling straight up from the pressure position of $39,000, directly breaking through $40,000, and reaching the highest of $41,000. This is also the rebound after breaking the low and breaking the high again, with a volatility of just $10,000 in the middle. The recent market volatility has become more and more intense, suddenly breaking down and breaking up. In the short term, a proliferation triangle has been formed, and this trend is rarely seen under normal circumstances.


Looking at the current short-term, the small level is still showing signs of continued oscillating. In the short term, the upper $40,800 and the lower $39,200 are triangular intervals to maintain the turbulence, while the Bollinger Bands of the small cycle still maintain a slightly upward-opening operation adjustment posture, but switch to the long-term perspective, the Bollinger Bands as a whole are still expanding upwards, so the currency price will be more likely to break as a whole. In operation, we still focus on retracements. 

DISCLAIMER: The analysis of cryptocurrencies in real-time should be taken for informational purposes only, and in no case should it be taken as an investment signal. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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