Only when the mind is as calm as water can one achieve great success. Investing is only for making money, everything else is just empty talk. Making money is the only way, hello everyone, I am AICoin Jinrui!
As for Bitcoin, the current trend seems to be upward, but Jinrui believes that it is not appropriate to draw conclusions immediately. Although the bullish trend is dominant, the possibility of a decline should also be considered. The detailed explanation is as follows. If you find this helpful for your trading, please like and share.
[BTC Daily Chart]
On the daily chart, according to Jinrui's previous analysis, the short-term resistance zone at $67,000 is still effective. In addition, the price of Bitcoin has a large gap with the 25-day EMA, so Jinrui needs to consider the possibility of a downward adjustment to fill the gap.
[BTC 4-Hour Chart]
Currently, there are several important levels on the 4-hour chart, which you can mark on your chart as reference points for entry.
Important Levels:
- $66,800
- $65,500
- $64,500
- Position where the price touches the high point of the downtrend
- $63,400
- Neckline of the head and shoulders pattern
Therefore, Jinrui believes that the most suitable trading opportunity is to buy on a pullback near $64,500. This level has already rebounded once and the support effect will be better with the 4-hour chart's 25-day EMA ($64,000).
[BTC 1-Hour Chart]
The important levels remain unchanged on the 1-hour chart.
- Long position from around $65,500
- Enter the market again after the price entity breaks through the 1-hour chart's 25-day EMA.
- Take profit at: $66,400, $66,800
- Short position from $66,800
- Take profit at: $65,500
- Stop loss at: $67,000
[Fundamental Factors]
- Soft demand for spot ETFs in the United States and Hong Kong.
- May suppress the upward space in the short term.
Today's Suggestions:
It is expected that there will be slow fluctuations during the day, and it is recommended to refine the take-profit strategy. Jinrui's latest developments will be updated in real time among actual trading students. This article has a time delay, so please refer to the real-time market analysis of actual trading students for accuracy.
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, and look forward to your support.
I have conducted in-depth research on spot contracts, BTC, ETH, and various altcoins for many years. If you are not doing well in trading, experiencing long-term losses, or getting trapped in trades, you can follow my public account (AICoin Jinrui). Investment involves risks, so be cautious when entering the market. The market fluctuates every day, 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.
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