Holy_Chartist

Holy_Chartist

Hello, this is Chartist. Bitcoin has been in a continuous downtrend since reaching the $65,000 level, without any significant rebound. Currently, it has declined by around 19% from its previous high, forming a bottom around the $52,500 level. The Crypto Fear and Greed Index has remained in the "extreme fear" range at 22-23 over the past two days, highlighting...

Holy_Chartist

Hello, this is Chartist. I will briefly analyze the Bitcoin chart. I am considering the possibility of an "uptrend" and will present two reasons for this. First, let's look at the 4-hour chart. Last month, Bitcoin dropped to 49K and quickly rebounded. After that, there was a price correction, but the yellow candle acted as an important support for another...

Holy_Chartist

Hello, this is Chartist. Let’s dive into a brief analysis of the Bitcoin chart. First, let's look at the daily chart. Recently, Bitcoin has been declining and consolidating for five days before forming a bullish engulfing candlestick yesterday. This indicates that the bullish momentum of one day is greater than the bearish momentum of the past five...