Red Sister in the Crypto Circle 11.20 (Writing time 2:43) Today's Bitcoin (BTC) market analysis and trading suggestions:
The current price of Bitcoin is around 89,000. The evening market has once again retested and broken through the previous low. Currently, the K-line is near the lower track position. From the recent market performance, it has been under pressure from the 4H mid-track, showing a repeated oscillation and downward trend. The KDJ and RSI three lines are all showing a downward expansion trend, and the red bars in the MACD are expanding again. The golden cross has turned into a death cross, indicating that the downward space has not yet been completed. During the day, we can continue to pay attention to the resistance near the mid-track position for short entry!
The support below looks at the 2-day moving averages MA280 and MA300. If it cannot stabilize, the long position will need to be further adjusted. You can look for opportunities to enter long positions near the 3-day moving average MA200 (88,000). Although the current bearish momentum is quite obvious, Red Sister still suggests not to chase shorts, focusing on maintaining high shorts during rebounds!
Sell point: ≥92,000 light short, stop loss above 93,000; take profit at 90,500-89,500-88,500. If it breaks below 88,000-87,900, you can continue to hold.
Buy point: ≤88,500 light long, stop loss below 87,600; take profit at 89,500-90,500-91,500. If it breaks above 92,000-92,500, 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 crypto 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 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 for the unknown in the days to come.
Remember, the crypto circle 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 improve your professional quality. Knowledge in the financial field is constantly updating; only by continuous learning can you keep pace with the times and seize every opportunity. Dare 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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