Daily Chart
From the perspective of the daily chart, the price is close to the upper Bollinger Band. It has shown a strong upward trend this week, but it also faces some upward pressure. The MACD is positive, indicating that the market is still in a bullish trend. The red bars show an increase in upward momentum, suggesting the possibility of further upward movement. The 7-day MA and the 30-day MA are both trending upwards, and the price is above the moving averages. Overall, various indicators are in a favorable stage. The European market saw a high followed by a pullback, indicating weak upward momentum. It is not logical to chase after long positions at such high levels. It is more prudent to consider long positions on pullbacks. Now let's discuss the four-hour chart.
BTC/4-hour Chart
Looking at the 4-hour chart, the price of Bitcoin is fluctuating between the middle and upper Bollinger Bands. The MACD is positive, indicating a bullish trend, but the red bars are shrinking, suggesting a weakening upward momentum and a possible pullback. Both the 7-day and 30-day moving averages are trending upwards, and the price is above the moving averages. Today's price action shows a consolidation phase, with the bulls unable to continue the upward trend. If the price is resisted at 67800 and signals a pullback, with support around 64500, it is likely that tomorrow will continue the range-bound movement seen today. Additionally, with the US market closed for the weekend, the volatility is not strong. It is conservative to suggest trading within the range. Pay attention to 67800 on the upside and 65000 on the downside.
Strategy 1: It is recommended to short in batches at 67400-67200, with a stop loss at 67800, and a target around 66400-66200.
Strategy 2: It is recommended to long in batches at 66500-66700, with a stop loss at 66000, and a target around 67000-67300.
Take life seriously, as life itself is a hyperlink. This time it may be painful, but the next time it may 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 last forever. One day, you will have it. Gain is my luck, loss is my destiny. I don't believe in destiny, because if I can change your destiny, I can change mine.
Experience happiness, enjoy investing. Investing is not your job; home is your eternal haven. In the face of setbacks, giving up is a shame, facing them is a duty!
The above is personal advice, for reference only. Investment involves risks, so trading should be cautious. Put risk first, then plan for profit, and take responsibility for gains and losses. There is no empty talk, no exaggeration, only solid practical experience to create stable returns for everyone. Market information changes rapidly, and the levels mentioned in the article do not serve as a basis for trading. For more real-time market analysis, please follow the official account above for discussion and exchange.
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