May 14th Empty Talk: Bitcoin U-shaped Reversal Mid-term Outlook Still Worrying
The recent market performance was truly exciting. We shorted near 61800 in the morning session, and the result was a precise hit at 61000, easily gaining 800 points. Subsequently, we went long at 60800, directly breaking through the upper rail pressure of 62000. This operation went very smoothly without any fluctuations, indicating that our strategy and judgment were very accurate. There was no exaggeration or bragging. In this market, only real trading and operations can lead to true success. We cannot blindly trade out of greed or refrain from acting out of fear. Only by maintaining a calm mind can we achieve success in this market. In short, today's operation was very successful, thanks to everyone's support and trust! Below, I will discuss the current market outlook and operations.
BTC Daily Chart
From the daily chart perspective, the performance of Bitcoin and Ethereum today can be described as having their own merits. As for Bitcoin, it has already reached the middle rail area of the Bollinger Bands. The MACD bullish performance is flat, and the price trend of Bitcoin seems to be under the dual pressure of the daily middle rail and moving average, possibly due to the influence of market sentiment. On the other hand, this also indicates that the resistance at the 63500 level remains strong.
Currently, in the market environment, we can see that funds are continuously entering, which may be one of the reasons for the unilateral price increase. However, despite the current trend looking relatively strong, we cannot ignore the long-term trend of the market.
In the upcoming trades, investors may need to be more cautious and closely monitor the market dynamics. If market sentiment improves, or if there is positive news on the policy front, the price may rebound again. However, if market sentiment remains low, or if more negative news emerges, the price may continue to fall.
BTC Four-hour Chart
Looking at the Bitcoin market from a four-hour perspective today, it can be described as quite exciting. The bearish pressure from last Friday was directly absorbed today, thanks to the adjustment and digestion of bearish factors over the weekend. The market directly stretched to a high position, reaching around 63300 before falling back, but the previous support level of 60000 showed astonishing strength, providing strong support for Bitcoin's rebound.
In the intraday market, Bitcoin has not yet broken through the middle rail, indicating that there is some pressure at the current position. If Bitcoin can stand firm above 63500, it will form a strong bullish trend, and the situation will also be adjusted accordingly. Therefore, the key resistance levels to watch for are 63500 and the support near 60000. If either of these levels is broken, the market may experience a new wave of momentum.
From the current trend of Bitcoin, although there is some pressure, the overall trend remains strong. Investors need to closely monitor the breakthrough of these two key levels and also pay attention to risk control while planning their investment strategies.
Resistance levels: 63500, 64500
Support levels: 61500, 60000
If the upper side does not break 63500, it is recommended to short in batches at 63300, with a stop loss of 300 points, and the target is around 62000. Do not open a position without a stop loss.
If the bullish momentum breaks through 63500, pay attention to the resistance level at 64500.
For pullbacks, short in batches at 61500-61200, with a stop loss at 60500, and the target is around 63000.
Take life seriously, life itself is a hyperlink. This time it may be painful, but next time it will be a surprise. Destiny will always favor you. Life treats everyone fairly, and the market is the same. Perhaps you are not doing well now, but it won't be like this forever. One day, you will have it. Gain it, I am fortunate; lose it, it's my fate. I don't believe in fate, because if I can change your fate, I can change mine.
Experience happiness, enjoy investing. Investing is not your job; home is your eternal haven. Facing setbacks, giving up is a shame, facing them is a duty!!
The above is a personal suggestion, for reference only. Investment involves risks, and trading should be cautious. Put risk first, then plan for profit, and take responsibility for gains and losses. There is no chicken soup, no exaggeration, only a solid foundation of practical combat to create stable returns for everyone. Posting has a delayed market, and the mentioned points in the article do not serve as a basis for follow-up. For more real-time market analysis, please follow the public account above for discussion and exchange.
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