Accurate! May 23rd: Bitcoin Evening Market Analysis
The early morning prediction came true. The article "May 23rd Short Selling: Bitcoin Evening Market Analysis" suggested short selling near 70500, coinciding with the K-line price turning from bullish to bearish near 70600. The price has steadily dropped to around 68000, gaining 2500 points. This prediction can be considered perfect!
BTC/Daily Chart
From a daily perspective, the current price fluctuates between the middle and upper bands of the Bollinger Bands, and is close to the middle band. This indicates that the market is experiencing pressure from a pullback, but the overall trend remains in an upward channel. Looking at the MACD indicator, the bullish momentum continues to strengthen, with the red bars gradually increasing, further confirming the market's positive sentiment. The DIF line is above the DEA line, and both are above the zero axis, indicating that the market is still in a bullish trend. At the same time, the short-term moving averages (MA5 and MA10) continue to stay above the mid-term moving average (MA20) and maintain an upward trend, further demonstrating the short-term bullish advantage in the market.
BTC/4-hour Chart
Looking at the 4-hour chart, the current price seems to be hovering near the middle band of the Bollinger Bands, which has become the focus of price oscillation. The opening of the Bollinger Bands appears quite flat, and the price fluctuation in this area is relatively limited. However, beneath this calm surface lies turbulent fluctuations, as the MACD indicator shows that bearish momentum in the market is increasing. The green bars are gradually increasing, indicating an increasing selling pressure in the market. The DIF line is running below the DEA line, and both are above the zero axis, further confirming the bearish trend in the market. However, despite the short-term moving averages (MA5 and MA10) being close to and relatively flat against the mid-term moving average (MA20), the short-term market trend is clear. The price has faced strong selling pressure near 70000, quickly breaking through the support at 69000, showing a bearish trend. The price has now reached around 68000, and it seems that the bears still have strength. This trend may further develop downwards, with attention to the support area around 67500 to 66000.
Strategy 1: Suggests short selling in batches at 68700 to 68500 on rebounds, with a stop loss of 400 points, and a target around 67500 to 66500.
Strategy 2: Suggests buying in batches on pullbacks at 66800 to 66500, with a stop loss at 66000, and a target around 68500.
Investment Philosophy
Emphasis: The cryptocurrency market is different from other financial investments. It is crucial to grasp the news, and without professional analysis of the news and relative technical analysis skills, how many retail investors can avoid losses? However, after incurring losses, it is important to find a way. Failure is the mother of success. In fact, most people in business and investment did not succeed at the beginning. I believe that includes you, who are reading this article now. In the initial stages of doing business, you must have suffered from the harsh reality, and later, because you spent a lot of effort studying how to do business well, constantly absorbing new information, constantly taking advice from others, and constantly learning, you have achieved what you have now. Similarly, in spot investment, there are no undefeated generals at the beginning of entering the market. Only through continuous reflection during the process of gains and losses, identifying your own shortcomings, and then correcting them, is the most important. The market is not scary; what is scary is your fear of it.
Message: Investment is a long-term matter. Viewing investment with a mindset full of learning will allow your investment journey to go further. If you are a retail investor, you might as well communicate with Ling Feng. Adding an analyst friend will not cause you any loss, but will instead be of great help to you. If you think your teacher is very professional, do not blindly pursue making trades. You might as well ask him for more advice on techniques and trading skills, market judgment. I believe your teacher will be happy to teach you. Furthermore, add Ling Feng to communicate with me, and I will be happy to help you. If you are losing in your investment journey, or if you have recent situations of being trapped in positions, to the best of my ability, I will help you to get out of the situation for free and formulate a profit plan suitable for you.
The above is personal advice, for reference only. Investment involves risks, and trading should be cautious, prioritizing risk and then planning for profit. There is no chicken soup, no exaggeration, only a solid foundation of practical experience 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 following. For more real-time market analysis, please follow the official account above for discussion and exchange.
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