Coin Circle Jinrui 5.5: Is the upward space of BTC limited? Attached with flexible trading plan

CN
1 year ago

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 Jinrui from the cryptocurrency circle!

BTC 4-Hour Chart

Currently, Bitcoin is being suppressed by the 200EMA on the 4-hour chart, limiting its short-term upward potential. Jinrui believes that if it can break through this EMA resistance, the price is expected to further rise.

In the current situation, we should not only consider a bullish perspective. Instead, we need to be flexible in trading direction, considering both long and short positions.

Based on these circumstances, Jinrui shares three potential short-term trading opportunities today:

1. Short near the 4-hour 200EMA (at $63,943), reason: Bitcoin's short-term price has been suppressed four times by the 4-hour 200EMA, and has not yet stabilized, showing the competition between bears and bulls at this level.

2. Long position when the price breaks through $64,600, reason: If the price of Bitcoin strongly breaks through $64,600, it will surpass the recent high point, which is the 25EMA on the daily chart and the notable 4-hour 200EMA, expecting further upward movement.

3. Buy long near the 4-hour 25EMA (at $61,706), reason: From the 4-hour chart, it can be seen that the 4-hour 25EMA has been a frequently tested support level in the short term. Therefore, Jinrui will use the EMA25 and EMA200 as short-term support and resistance for intraday trading.

If you want to receive real-time information later, please like and share to let me know 🙌🏻. If this is helpful to you, I hope you can like ❤️ and follow, looking forward to your support.

I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are experiencing difficulties in trading or long-term losses, or if your trades are stuck, you can follow my public account (Jinrui in the cryptocurrency circle). Investment involves risks, so be cautious when entering the market. Daily market fluctuations are constant, and 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.

The end of the article and other advertisements in the comments section are not related to me personally!! Please be cautious in distinguishing between true and false information. Thank you for reading.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink