Cryptocurrency Circle Red Sister 10.27: Behind the four consecutive bullish candles of the Bitcoin daily golden cross, is it a continuation of the rally or waiting for an opportunity to crash? Today's Bitcoin (BTC) latest market analysis and trading suggestions!

CN
4 hours ago

Red Sister in the Coin Circle 10.27 (Writing time 0:41) Today's Bitcoin (BTC) latest market analysis and trading suggestions:

Bitcoin is currently priced around 113,500. Last night, the market once again surged to the 4-hour MA200, MA240, MA280, and MA80, where it faced resistance and pulled back. After waiting for a day, Red Sister decisively arranged a light short position, which is currently being held. The KDJ and RSI indicators have both reached the top and are showing a downward trend, currently forming a downward convergence. In the short term, we will first look at the support levels of MA120 and MA7; if these levels are broken, we can continue to hold until the mid-track position. If they hold, we can enter long positions, as the current bullish trend has not been broken, and the BOLL channel is still moving upward.

In the daily chart, a low-level golden cross has formed. The pressure levels above are first at the overlap of MA90 and MA120, while the support below is at the mid-track and MA150. The KDJ's J value at 99.8 is already close to the oversold zone, so caution is needed when chasing long positions to avoid a plunge. The RSI three lines are in the mid-upper area, and in the short term, we still need to observe the strength of the support below. If there is a second rebound, the end of the month may continue to show an upward rebound trend. Currently, the daily line is about to form a four-day winning streak. The strategy remains bullish without chasing, patiently waiting for the bullish space to complete while maintaining high shorts!

Selling point sharing: Short lightly at ≥114200, stop loss above 115800. Take profit at 113500-112500. If it breaks 112000, you can continue to hold until around 111000.

Buying point sharing: Long lightly at ≤112000, stop loss below 111000. Take profit at 112700-113800. If it breaks 114000-114500, you can continue to hold.

The article review and push have delays; 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!

If you want to receive more operational information daily, you can scan to follow Red Sister herself! Daily real-time orders and fan benefit orders are provided irregularly!

Thus, our journey in the coin circle 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 the coin 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 for the unknown in the days to come. Remember, the coin circle is not just about numbers and charts; it is also an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, and do not be swayed by short-term fluctuations; look at the market with a long-term perspective. Keep learning and improving 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 coin circle, the brave often carve out their own territory. Finally, I wish you all shine on the stage of the coin circle, realizing your value and dreams. Wherever you are, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the coin circle, returning with a full load!

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