Red Sister in the Crypto Circle 7.14 (Writing time 0:41) Today's Bitcoin (BTC) market analysis and trading reference:

The current price of Bitcoin is around 118,900. Recent price performance shows a strong upward trend, with the price above multiple indicators such as moving averages and Bollinger Bands. However, some indicators in the 1H chart, such as RSI and KDJ, have signaled overbought conditions or weakening momentum, indicating that there may be a need for market adjustment in the short term. In the short term, although the bullish trend is quite evident and market sentiment is strong, the price may experience fluctuations or a short-term pullback after touching or slightly breaking the previous high of 119,376. Especially after multiple recent breakthroughs of the upper band, there is a risk of profit-taking, and the overbought signals from KDJ and RSI should be taken seriously. At the same time, the bullish strength indicated by EMA and MACD remains strong, and any adjustments may be based on support levels rather than reversals. Red Sister suggests that short-term attention can continue to focus on support at the mid-band in the 1H chart. The current price is at a high level, and if there are already certain profits, it may be wise to gradually reduce positions and take profits near 119,000 to avoid potential regulatory risks. Recent candlestick patterns indicate a strong and sustained bullish trend; a bullish engulfing pattern has recently appeared, further confirming the short-term upward trend. In the BOLL, the current candlestick is running along the upper band of the Bollinger Bands, with the channel opening widening and the mid-band sloping upwards, indicating a strong upward trend in the market accompanied by increased volatility. The short-term RSI has reached 78, entering the overbought zone, while the mid-term is around 70, showing strong upward movement but cautioning against potential fluctuations or pullbacks. The distance between the short-term EMA and long-term EMA has significantly widened, with all moving averages diverging upwards, reflecting the acceleration phase of the bull market and the stability of the upward trend. In MACD, the DIF line crosses above the DEA line, with green bars of momentum continuing to expand, indicating that bullish sentiment dominates the market with strong momentum. The three lines of KDJ are positioned in the mid-high range, with the J value starting to turn downwards, indicating that the short-term upward momentum is slowing and there may be risks of high-level fluctuations. Based on the above, Red Sister believes there is some room for short-term adjustment, but there is potential for upward momentum, and one can continue to maintain low long positions for support entry!

Buying point: ≤118,000 long, stop loss below 117,000; take profit at 118,700-119,200; if breaking above 119,400, consider holding to around 120,000;

Trial selling point: ≥119,100, stop loss at 119,400; take profit of 1,000-2,000 points, if a strong breakthrough occurs, pay attention to finding high short opportunities near the 120,000 mark!

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!

Follow the blogger to avoid getting lost in trading. Scan to add Red Sister in the Crypto Circle, with daily benefits waiting for your participation!

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; it is an art about humanity, decision-making, and 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. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; 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, I wish you all shine on the stage of the crypto circle, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone smooth sailing on the road of the crypto circle, returning with a full load!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。