The price of Bitcoin has fluctuated upwards since it bottomed out in the early hours of the morning. The bulls began to increase their volume at noon today, and the price returned to above 30,000. The high point was under pressure below the 31,000 line and began to step back.
Judging from the four-hour chart, the downtrend rebounded and closed high, and the intraday low of 29200 constituted a short-term stepped rebound channel. At noon today, it has been held stable and will further rise to near 31,000. If the pie today rebounds further. Then the space is continued. Weakened downside efforts. The rebound space will be relatively large, and the market outlook will need to re-turn the inflection point. Overall, the mid-term bearish trend of the monthly and weekly lines remains unchanged. Short-term oversold is accompanied by rebound correction. In the afternoon operation, just keep rebounding and participate in the idea of high altitude.
Regarding the suggestion of personal operation of Bitcoin in the afternoon, continue to short sell in the area of 31000-31200, and look at the target to be near the area of 30,000.
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