Red Sister in the Crypto Circle 6.30 (Written at 6:07) Today's Bitcoin BTC Market Analysis and Trading Suggestions:

The current price of Bitcoin is around 107,700. Recently, the price has shown an overall downward trend, hovering near the upper boundary of the descending channel, while also exhibiting a noticeable convergence characteristic. In the short term, it is currently in a consolidation phase, and support needs to be sought near the middle and lower bands of the 4H Bollinger Bands. If the price can effectively break through the upper boundary and 108,600 and stabilize, it is expected to trigger an upward trend; conversely, if it continues to be blocked by this resistance level, it may retrace to test support at the lower boundary of the channel. Red Sister believes that if the price cannot break through the key resistance levels of 108,600 and 108,900, it should continue to maintain a bearish position. If the price approaches the support level of 106,500 again and a stop-loss signal appears, one may consider a low buy attempt, but strict stop-loss measures should be in place to prevent a breakdown and acceleration of the decline. In particular, the gain or loss of the middle band of the Bollinger Bands and whether the price can break through the descending channel will be important indicators for judging trend changes. At the same time, be alert to potential directional breakout trends in the market and prepare flexible trading plans to cope with potential volatility. Recently, the K-line pattern has shown a "cloud cover" formation, indicating that short-term downward pressure may increase, while the "double top" suggests a possible formation of phase resistance. Currently, the three lines of the Bollinger Bands are converging, with the price oscillating near the middle band, which may indicate that after energy accumulation, a directional breakout could occur. In the KDJ, the three lines continue to diverge downwards, be cautious of the J line's strong divergence or reversal in the oversold area. In the MACD, the DIF and DEA are opening downwards again, and pay attention to the continued increase in the red bars! Currently, the K-line has been under pressure multiple times above, indicating a need for further retracement, and it is recommended to primarily engage in short positions;

Sell Point: Short at ≥108,200, stop loss at 109,000; take profit at 107,300-106,600; if it breaks below 106,500-106,100, it can continue to hold down to below 105,000.

Buy Point: Need to pay attention to the strong support at the 4H lower band for re-entry, and the target can be determined based on the market. If it cannot break through the key resistance of 108,600 and 108,900, consider reducing positions and taking profits to continue harvesting the oscillation space!

There may be delays in article review and push notifications, the above points are for reference only, please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market, do not operate with heavy positions! Thank you for reading!

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Thus, our journey in the crypto circle begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of the crypto circle is vast and boundless, filled with opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.

Remember, the crypto circle is not just about numbers and charts, but also about humanity, decision-making, and the art of the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Continuously learn and enhance your professional skills. Knowledge in the financial field is constantly updating, and only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of the crypto circle, the brave often carve out their own territory. Finally, may you all shine on the stage of the crypto circle, realizing your value and dreams. Wherever and whenever, Red Sister cheers for you, looking forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the crypto circle, returning with a full load!

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