Bitcoin Market Analysis and Trading Suggestions (Written at 10:23)
The current price of Bitcoin (BTC) is around 91,300. Yesterday, the price rebounded but was pressured by the EMA120 on the 1H chart, breaking below the 90,000 mark again. Currently, the market is once again challenging the EMA120 and the upper Bollinger Band, forming a consolidation pattern. In the short term, it is fluctuating slightly within the EMA20-EMA80 range. The DIF (18) is above the DEA (-89), and the histogram is positive (217) but gradually narrowing, indicating that the DIF is above the zero line while the DEA remains negative, suggesting short-term rebound momentum, but the medium to long-term trend has not completely reversed. The price is running above the middle band of the Bollinger channel, close to the upper band, indicating that the price is in the upper half of the Bollinger Bands but has not yet broken through the upper band, suggesting some short-term pressure. The RSI three lines are overall in a neutral to bullish area, with no overbought or oversold signals appearing: RSI1=65, RSI2=58, RSI3=51. The KDJ three lines are in the overbought area, indicating potential pullback pressure in the short term, with K value (73), D value (75), and J value (70) showing the possibility of a pullback before challenging higher levels, but the upper space is limited. Attention can be paid to the 91,700-4H middle band range; if the price cannot stabilize in this range, it may again enter an overbought state and pull back, which will also test the convergence pattern of the DIF and DEA on the 4H chart. The author suggests continuing to focus on short positions!
Sell Point: ≥92,000 light short, stop loss at 93,000; take profit at 91,100-90,300-89,500. If it breaks below 89,200-89,000, you can continue to hold.
Buy Point: ≤89,500 below, long position, stop loss below 89,000; take profit at 90,500-91,500. If it breaks, look at 91,700-92,000 to continue holding!
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!
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 you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.
Remember, the cryptocurrency world 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, do not be swayed by short-term fluctuations, and view 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 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, I cheer for you and look forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency journey and a bountiful return!
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