Only when the mind is as calm as water 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!
Yesterday, the market hardly experienced any significant fluctuations 💧. Currently, it seems that the blue area marked on the chart in Jinrui's article from yesterday is receiving a lot of attention 🤔.
Additionally, the coin price is currently rising from the "4-hour 25EMA" that Jinrui paid attention to yesterday. Therefore, Jinrui also explained the focus for next week in yesterday's article. If you find it helpful, please like and share ♡.
[4-hour chart]
Next, let's take a look at the 4-hour chart⤵️. If BTC forms the same head and shoulders bottom pattern as yesterday, Jinrui's short-term target may be $67,000 and $70,000☝🏻.
However, the short-term trend is still dominated by the bearish trend, so maintaining a short position as a risk hedge is also a strategy👍.
① Short based on the 4-hour 25EMA, around $64,000, target: $62,500.
② Long after breaking through the red downtrend line, it would be better if the 4-hour 200EMA ($65,400) acts as support.
[1-hour chart]
Because the intraday price range is relatively narrow, there is no need to enter the market forcibly, please remember this🙆🏻♀️. Also, from the 1-hour chart, bearish crossovers are frequent☝🏻. Unless a strong buy signal like a golden cross appears, the bearish trend may continue⤵️.
If considering going long, you can refer to:
① Long after breaking through the blue area, using it as support and resistance (around $64,100). Since there is the 200EMA above, trading volume will decrease.
② Long with the 1-hour 200EMA ($64,528) as support. If you have entered from ①, then you can continue to hold your position, with a target price of around $65,200.
During inactive market periods, it can be used for learning or relaxation☺️. If there are more trading viewpoints, I will share them again.
If you want to receive real-time information later, please like & share to let me know🙌🏻. If this is helpful to you, I hope you can like it❤️ and follow, looking forward to your support.
I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are not doing well in trading, experiencing long-term losses, or getting stuck in trades, you can follow my public account (AICoin Jinrui). Investment involves risks, so be cautious when entering the market. The daily market situation is full of twists and turns, and all I can do is to use my years of practical experience to help everyone make the right investment decisions and manage their operations in the right direction.
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