Only with a calm mind can one achieve great success in investment. Making money is the only goal, everything else is just empty talk. Making money is the key. Hello everyone, I am AICoin Jinrui!
Currently, although BTC has broken through the resistance level, it encountered pressure near the $67,000 level. Based on today's daily chart, Jinrui will reconsider the possibility of BTC rising to $70,000. Let's take a closer look at Jinrui's specific thoughts ☝🏻
[4-hour chart]
Currently, on the 4-hour chart, BTC has successfully risen with the support of the 200EMA. If the 25EMA on the 4-hour chart forms a golden cross, Jinrui will be optimistic about further upward movement of BTC⤴️.
So, our short-term trading target today can start with longing from the 25EMA or 200EMA on the 4-hour chart, with a target price between $66,800 and $67,000.
Additionally, Jinrui believes that unless the BTC price falls below the 25EMA on the 4-hour chart, it is still bullish on BTC👍.
[1-hour chart]
Today, we also have additional trading plans: ① Longing with the support of the 25EMA on the 1-hour chart. Jinrui believes that longing at this position will be more advantageous⤴️. For the stop-loss position, we can observe the 4-hour chart. If the price falls below the 25EMA on the 4-hour chart, we need to stop loss immediately👍.
② Starting from $65,700 to go long, which is also the recent support-resistance conversion line.
③ If the price falls below the green trend line, we can set up a rebound short position near $65,700.
If you want to receive real-time information later, please like & share to let me know🙌🏻. If this is helpful to you, I hope you can like it❤️ and follow me. Looking forward to your support.
I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are not doing well in trading, experiencing long-term losses, or getting stuck in trades, you can follow my public account (AICoin Jinrui). Investment involves risks, so be cautious when entering the market. With the market fluctuating every day, all I can do is to use my years of practical experience to help you make the right investment decisions and manage your operations in the right direction.
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