Uncle_Rich

MACD is still running above the zero axis

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BINANCE:BTCUSDT   Bitcoin / TetherUS
All the ups and downs in the market over the past few days was to prepare for the climb. BTC price hit a new high of 46,500 USDT today and then fell down facing the resistance of 47,000 USDT. From a technical point of view, within 15 minutes, MA5 turned down, but the trend of MA10 and MA30 did not change much. Bollinger band opened up, indicating a small drop, but the overall trend is still going up; KDJ and RSI are flat, maintaining a fluctuating upward trend.

MACD is still running above the zero axis, and it still has to go up about 500 points again in the day. The price is not stable and still has a high possibility of falling. Be cautious and trade with light volume.
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