Is Bitcoin Price a Double Bottom or a Double Top?

Bitcoin currently has a high of 3919, just touching the first pressure of 3910 analyzed above, and then directly fell to 3864.

Currently, the first pressure of Bitcoin price is around 4010, the second pressure is around 4120, and the main pressure is around 4200.

The small support is around 3810, and the first support is around 3700.

Currently, looking at the daily K-line of Bitcoin, those who are long will feel that it is a double bottom.

But for those who short sell, it will feel like a double top.

As for which one it is, time will give the best answer.

However, as long as it falls below 3,800 and enters the bearish momentum zone, the price of Bitcoin will be dominated by the bears, and the bulls will be forced to defend.

If the bulls want to gain momentum, they must first cross 4010. 4010 is the bullish momentum area.

If the price is in the range of 3860-3960, then it will be a sideways fluctuation.

     Solemn statement: The above analysis is for reference only and is not intended as any investment advice, let alone as a basis for operation, because the market is ever-changing and changes at any time. Anyone who uses this as a basis for placing an order is responsible for their own profits and losses. Reprinting is welcome, but please indicate the author, thank you