Red Sister in the Crypto Circle 7.15 (Writing time 1:38) Today's Bitcoin (BTC) market analysis and trading reference:

The current price of Bitcoin is around 120,000. Overall, the market is still in an upward trend, but recently shows signs of a pullback. The 4H chart's candlestick pattern shows a hammer indicating a possible reversal, but the RSI in the overbought area warns of short-term pullback risks. The MACD shows a shortening momentum bar, with negative values starting to expand, and the fast line and slow line have begun to form a death cross, indicating that the upward momentum in the market may weaken in the short term, while the possibility of a downward adjustment is relatively high. The J value of the KDJ indicator has significantly retreated, weakening short-term momentum, suggesting that a temporary market peak may form. Overall, the short-term market may enter an adjustment phase, but the strong bullish pattern has not yet been broken. Red Sister suggests that if there are high short positions, one can appropriately reduce positions to take profits and closely monitor the performance of the key support level at 119,100. If the price breaks below the EMA15 short-term moving average support, it is recommended for bulls to continue to observe and wait for further adjustments to complete; if the price stabilizes and resumes upward movement, one can consider entering at lower levels to grasp the continuation of the upward trend. If one wants to attempt a high short, they can look towards yesterday's high point of 123,200 for pressure entry, maintaining a small loss on high shorts and switching to a trend-following long position if broken. High longs should be done with light positions and strict stop-loss control! The hammer candlestick pattern appears near a downtrend, indicating a possible reversal; a top formation appeared early this morning, suggesting a potential short-term reversal adjustment. In the MACD, the DIF and DEA lines have formed a death cross but have not yet shown significant expansion divergence, and the market's short-term trend remains biased towards bullish sentiment; the histogram shortening indicates weakening upward momentum. In the RSI, the current indicator is in the overbought area, and the market may face short-term pullback pressure. KDJ: The J value has quickly retreated from a high position, showing a decline in short-term bullish momentum; an adjustment phase exists. In BOLL, the current price is close to the middle band of the Bollinger Bands, and there may continue to be support in the short term, but one must guard against a strong break of the middle band leading to a violent pullback! Attention should be paid to the potential pressure drop at the upper band. EMA: The short, medium, and long-term EMA lines show a consistent bullish divergence pattern, with prices maintaining strong support above the moving averages. In summary, Red Sister believes that since a pullback has occurred, in the bullish trend, one can still choose to attempt to enter low at the middle band support!

Buying point: ≤119,100 long, stop loss below 118,000; take profit at 120,500-121,600-122,800; if breaking above 122,900-123,250, it can be held;

Trial selling point: ≥122,800, stop loss at 123,250; take profit at 1,000-2,000 points!

There may be delays in article review and push notifications, the above points are for reference only, please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market, do not operate with heavy positions! Thank you for reading!

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Thus, our journey in the crypto circle begins to move towards a broader new starting point, and it is by no means an end, as the road is still long and must be walked step by step! The ocean of the crypto circle is vast and boundless, full of opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.

Remember, the crypto circle is not just about numbers and charts, but also about humanity, decision-making, and the art of the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of the crypto circle, the brave often carve out their own territory. Finally, I wish you all shine on the stage of the crypto circle, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the crypto circle, returning with a full load!

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