Only with a calm mind can one achieve great success in investment. Everything else is just empty talk. Making money is the ultimate goal. Hello everyone, I am Jinrui from the cryptocurrency circle!

First, let's review the short-term layout provided in yesterday's article, which involved setting up a short position near 66,813. Yesterday, around 5 pm, the price rose to a high of 66,867, which was our entry point. Subsequently, the price dropped to around 63,800 and we successfully gained 3000 points. As for the long position set up near 63,800, the price also rose to 64,877, yielding a profit of 1000 points. I wonder how many friends followed Jinrui's layout. Jinrui is dedicated to analyzing price trends and is happy to share his insights here.

Due to the worsening situation in the Middle East, the market has once again experienced a decline in Bitcoin prices ⤵️. This decline is also synchronized with the trend in the US stock market. Currently, the price remains weak, just like yesterday, presenting an opportunity for both long and short positions. 💡

【4-hour chart】

Currently, on the 4-hour chart, we should pay attention to whether a double bottom pattern can form on the right shoulder. Additionally, the candlestick chart shows a downward trend on the right ⤵️, while the RSI indicator shows an upward trend on the right ⤴️, signaling a shift from a bearish to a bullish trend.

Furthermore, the $62,400 to $62,500 range is a resistance zone. Therefore, one of our short-term strategies for today is to go long in the $62,400 to $62,500 range. We can expect to see profits near the 25EMA moving average on the 4-hour chart (65,753).

Intraday entry points:

① Go short at the 25-day EMA on the 4-hour chart (65,753)

② Go short directly from around $66,600, which is also close to the 200-day EMA on the 4-hour chart.

Until the resistance is broken, Jinrui believes that the advantage still lies in going short. If a double bottom is formed below and breaks the neckline near $66,800, Jinrui will go long directly.

《1-hour chart》

For a short-term trading point today, one can go short at the 25EMA on the 1-hour chart (63,982). Currently, the price of BTC is relatively weak, so there is no support formed, and the possibility of a decline is relatively high.

If you want to receive real-time information later, please like and share to let me know 🙌🏻. If this is helpful to you, I hope you can like ❤️ and follow, and I look forward to your support.

I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are having trouble with your trades or experiencing long-term losses, or if your trades are stuck, you can follow my public account (Jinrui in the cryptocurrency circle). Investment involves risks, so be cautious when entering the market. The market fluctuates every day, and all I can do is to use my years of practical experience to help you make the right investment decisions and manage your operations 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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