BTC price went straight to 40,000

There was a surge today, and the BTC price went straight to 40,000 USDT. It is currently around 38,000 USDT, with a one-day increase of 11%. The soar this time was too fast for the traders to keep up. The bulls were still strong. From a technical point of view, within 1 hour, the power of long and short are similar, but the KDJ and RSI trends are relatively stable; the MACD runs below the zero axis; the Bollinger Band begins narrowing; MA5 and MA10 lines are crossing. BTC price will continue to fluctuate in the short term.

Looking at the 1-day line, MFI continues to move up. The data shows some funds are leaving the market. It is very possible to soar to 40,000 USDT again in the evening and will go back and forth several times, and then fall to 37,000 USDT.