Bitcoin Market Analysis and Trading Suggestions for October 15 (Written at 1:01)
The current price of Bitcoin (BTC) is around 112,000. After touching the 110,000 mark, the evening market rebounded to the current level near the 1-hour EMA30 and the middle band. Fans need not worry about this rebound, as the upper band of the BOLL channel is continuing to narrow, forming a new round of top pressure with yesterday's high. Although the green bars in the MACD are trying to expand, and the DIF and DEA are attempting to form a golden cross, the KDJ and RSI are already close to the overbought zone, indicating that the risk of a short-term pullback still exists. Even if there is space above, it won't be significant. Attention should be paid to whether it can stabilize at the middle band and break through the resistance of the EMA60 and EMA80 in the first interval. If it breaks through, it may return to the EMA120 and EMA160 range near yesterday's high, which can serve as a defensive point for today's high.
In the 4-hour chart, the BOLL channel remains parallel, and today it may face another range of fluctuations. Currently, the previous candlestick faces resistance at the middle band and the EMA15 range, with the upper resistance from the upper band and the EMA80 to EMA250 moving averages, while the lower support is at the lower band and the 110,000 mark. Surprisingly, the DIF and DEA have shown a bottom divergence effect, but it is uncertain how long it can last. The bullish indicators on the daily chart still exist, and the suggestion from Hongjie remains to focus on shorting during rebounds!
Sell Points: Short lightly at ≥113,500, add above 115,000, stop loss above 116,000; take profit at 112,500-111,500-110,500; if it breaks below 110,000-109,500, you can continue to hold!
Buy Points: Long lightly at ≤110,000, stop loss below 109,300; take profit at 112,000-113,000; if it breaks above 113,500, you can continue to hold!
The article review and push have delays, and 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!
Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be taken step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope that in the days to come, you will always maintain a thirst for knowledge and a spirit of exploration for the unknown.
Remember, the cryptocurrency world is not just about numbers and charts; it is an art about humanity, decision-making, and 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 cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. Wherever and whenever, Hongjie cheers for you and looks forward to your wonderful performance. Hongjie wishes everyone a smooth journey in the cryptocurrency world, returning with a full load!
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