Red Sister in the Crypto Circle 10.10 (Written at 9:12) Today's Bitcoin BTC Market Analysis and Trading Suggestions:
The current price of Bitcoin is around 121,700. Early this morning, after breaking down the 120,000 mark, it formed a position above the current 1H middle track. Currently, the 1H channel remains parallel. In the MACD performance, the green bars are increasing again, and both DIF and DEA have successfully converged to form a golden cross upwards. KDJ and RSI continue to rise, approaching the oversold area, indicating that the short-term upward space is not yet exhausted. Attention should be paid to the resistance of the three lines: EMA120, EMA80, and EMA60, with the top focusing on the upper track position.
In the 4H chart, the Bollinger Bands channel is narrowing downwards, with the K-line forming support and rebounding in the lower EMA80 and lower track range. Currently, the K-line is at the EMA7 position, facing downward resistance from EMA30 and the middle track. Red Sister mentioned yesterday's third convergence failure; currently, the death cross of DIF and DEA is still in play, with the red bars in MACD shrinking. KDJ and RSI are in the neutral area with weak upward momentum. If there is a strong short-term breakout of the middle track and yesterday's high, it may again reach the upper track position. Red Sister suggests that if you have a short position, the stop-loss must be placed above the upper track. The lower side still looks at the lower track and EMA80 for secondary support; if it cannot hold, it will drop to the EMA120 position (around 118,300).
Sell Point: ≥123,000 light short, add above 124,500, stop-loss above 125,100; take profit at 121,600-120,500-119,700; if it breaks below 119,600, you can continue to hold until around 118,400!
Buy Point: ≤119,700 light long, stop-loss below 118,300; take profit at 120,600-121,500-122,300; if it breaks above 122,500, you can continue to hold!
The article review and push have delays; 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!
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, full of opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration for the unknown in the days to come.
Remember, the crypto circle is not just about numbers and charts; it is also 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 improve your professional quality. 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!
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