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Bitcoin tests 4hour 15day moving average support facing a tur

Date:2024-07-19 18:54:19 Channel:Trade Read:

In the cryptocurrency market, Bitcoin has always been the focus of attention. When the market faces a change, investors' decisions are particularly critical. This article will focus on key information such as Bitcoin testing the 4-hour 15-minute moving average support and facing a change point, presenting you with a journey of thinking about the wise choice of cryptocurrency investment.

Bitcoin's price fluctuations are often unpredictable, and the 4-hour 15-minute moving average support is often regarded as an important reference point for market trends. The test of this support level is often accompanied by violent fluctuations in market sentiment, and investors need to remain calm. When facing a change point, the market may fluctuate violently, and investors' decisions will have a profound impact on future trends.

First, let's analyze the phenomenon of Bitcoin testing the 4-hour 15-minute moving average support in depth. Moving averages are commonly used tools in technical analysis, and the 15-minute moving average represents the market trend in the shorter term. When the Bitcoin price tests this support level, investors need to pay attention to changes in market sentiment. For example, past data shows that whenever the Bitcoin price touches the 15-minute moving average support, the market often ushered in a wave of rebounds, but this does not mean that it will be the case in the future.

Secondly, markets facing a change point are often accompanied by violent fluctuations in investor sentiment. At this moment, investors often face an important choice: whether to hold firmly or decisively stop profit. At this time, the psychological quality and decision-making ability of investors are particularly important. Past market data show that when the market changes, investors who can remain calm and think rationally can often seize opportunities and gain more profits.

In addition, investors need to pay attention to external factors in the market when facing a turning point. Factors such as the global economic situation and political events may have a significant impact on the price of Bitcoin. For example, the recent sharp fluctuations in the price of Bitcoin are related to the policy adjustment of a certain country. Therefore, investors need to maintain a keen observation of the market and adjust their investment strategies in time to avoid risks and obtain returns.

In market investment, risks and opportunities coexist. The fluctuation of Bitcoin prices not only represents investment risks, but also contains investment opportunities. For investors, the key is how to remain rational and seize opportunities in market fluctuations. When facing a turning point, investors need to pay close attention to market trends and make wise decisions.

In summary, Bitcoin tests the 4-hour 15-moving average support. Facing a turning point, investors should remain calm, rational, and grasp the pulse of the market. On the road of investment, wisdom and courage are equally important. I hope you can overcome all obstacles on the road of investment and get rich returns. I hope that every decision you make will be as steady and lasting as the rise of Bitcoin.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


The day before yesterday, Bitcoin broke through the ascending triangle oscillation, but it did not hold on to the upward explosion;

Yesterday, after Bitcoin maintained a day of oscillation, it broke through the ascending triangle oscillation, but it also did not hold on;

And the strength is gradually weakening, and it can be sensed from the small cycle that this wave of upward momentum has become a spent force. It is no longer meaningful to pay too much attention to the bulls.

One of the reasons why it did not rush up or fall during the day yesterday is that the 50-day moving average has been in a flat state. Although the moving average is a follow-up indicator, from the rhythm of the moving average being crossed up and down, this is no longer a trend environment.

[Market Analysis]

Bitcoin Weekly Chart

From the weekly chart, below the long-short watershed, Bitcoin tested upward in an oscillating upward manner, and then broke the long-short watershed with a yang finger, followed by a chain kick, creating today's high Bitcoin price.

This strong breakthrough also occurred when it broke through the medium-term long-short watershed in November last year; it was just that before the breakthrough last year, a lot of triangular convergence oscillations were made, and this year, based on the 4-month sideways trading, a strong force broke out upward.

We can all foresee that 2019 is an extraordinary year, and we also know that the market will change in 2019, but what we did not expect is that it will come with such a strong attitude; if you only look at the fundamentals, you will believe that there will be such a magnificent upward trend so soon, and you can only look for some clues of the start through the technical aspects.

Bitcoin Daily Chart

Since 2019, there have been two waves of upward movement.

Before these two waves of upward movement, there was an accumulation period; the first accumulation period was 4 months, and the second accumulation period was only one month.

The trend of the financial market, whether it is deliberately manipulated or accidentally bought strong due to fundamental reasons, is already history. The only thing we can't go back to is history, for example, we can't go back to 1 Bitcoin for 1 US dollar in 2011; what we can look forward to is the future. The past determines our present. Although it cannot be changed, the current decision can affect the future.

Then, according to such a model from "accumulation" to outbreak, we need to wait for the next accumulation and look for opportunities in the next accumulation period.

Bitcoin four hours

In four hours, two key positions can be found.

The first is the horizontal support and resistance level in the figure, which can determine the short-term long and short forces;

The second is the 15-day moving average in the figure, which can determine whether this wave of rise is temporarily over;

According to the long arrangement of the moving average, only keep the long thinking and do not guess the top principle. If you want to pay attention to the intraday short-term, you need the 15-day moving average to remain intact and close above the support and resistance band to have a chance.

In summary, the medium- and long-term opportunities of Bitcoin are in the medium-term long-short watershed area. In the short term, the gains and losses of the four-hour 15-day moving average. If it can be kept above the 15-day moving average, the bulls still have the momentum to attack upward. As long as it closes below the 15-day moving average, there is a chance to launch a deeper callback downward.

Article source: Tanxue Blockchain (public account)

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