Only with a calm mind can one achieve great success in investment. Making money is the only goal, everything else is just empty talk. Making money is the key. Hello everyone, I am AICoin Jinrui!
[Daily Chart]
From the perspective of the daily chart, the current key point is the "offensive and defensive" on the trend line. If the price falls below this point, Jinrui predicts that BTC will drop to around $64,500 and form a double top pattern on the daily chart.
If it breaks the neckline ($64,500), Jinrui also predicts that it may further drop to $57,000. If a double top is formed, the expected drop will be the same as the previous drop, with an additional drop of about $2,500. However, overall, Jinrui remains bullish on BTC in the long term ⤴️.
Additionally, because there was a lower shadow on the daily K-line yesterday, it is possible that today's daily K-line will form a positive candle. However, Jinrui advises everyone not to take it lightly ☝🏻, because $64,500 is the last line of defense for the bulls. In addition, the neckline of the double top ($64,454) is also a relatively suitable position for buying and going long💡.
The recent decline was within Jinrui's expectations, so there is no need to panic for short-term trading 😌.
[1-hour Chart]
Today's short-term entry points can be considered as follows:
❶ Shorting directly if the price rebounds from the 25EMA on the 1-hour chart to around $68,100 to $68,200. If it breaks the 25EMA, it will face resistance above.
❷ Because the short-term suppression of the 75 and 200EMA on the 1-hour chart still exists, the second shorting plan can start around $68,750, which is also a resistance level above.
In addition, Jinrui suggests that long positions can be entered after the appearance of bullish signals on the market. Jinrui will occasionally release market updates. If this is helpful to you, please like and follow. Your support is appreciated 🏻.
I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are experiencing difficulties in trading or long-term losses, or if your trades are stuck, you can follow my public account (AICoin Jinrui). Investment involves risks, so be cautious when entering the market. The market fluctuates daily, and all I can do is to provide assistance based on my years of practical experience, guiding your investment decisions and management in the right direction.
The end of the article and other advertisements in the comments section are not related to me personally!! Please be cautious in distinguishing between true and false information. Thank you for reading.
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