Bitcoin Market Analysis and Trading Suggestions on October 13 (Written at 1:58)

The current price of Bitcoin (BTC) is around 113,800. After a large spike two days ago, it has maintained a two-day consolidation, which has indeed led to a rebound. Currently, the K-line is close to the mid-band position on the 4-hour chart. From the MACD perspective, the green bars above the zero line are starting to increase, and the DIF and DEA have successfully converged to form a bullish golden cross. The KDJ and RSI are approaching oversold levels, so caution is needed regarding the risk of a pullback. There is significant resistance from the dense moving averages in the EMA250 to EMA60 range above the mid-band, and the downward channel remains unchanged. Therefore, the suggestion from Hongjie is still to focus on short positions.

In the daily K-line chart, the BOLL channel's closing intention is not strong, and the mid-band's downward trend remains unchanged. The K-line is facing resistance from the overlap of EMA60, the mid-band, and EMA30 in the short term. The red bars in the MACD have slowed down in volume, and the DIF and DEA continue to diverge, indicating that the bearish trend still exists. A short-term rebound provides an opportunity to open short positions, but light shorts should be cautious of a break above the mid-band. The first support below is at the EMA120 position (122,400), and the second support is at the EMA160 position (110,200).

Sell Points: Short lightly at ≥115,000, add above 116,500, with a stop loss above 117,600; take profit at 113,800-112,400-111,200; if it breaks below 111,000, you can continue to hold until around 110,200!

Buy Points: Long lightly at ≤110,500, with a stop loss below 109,600; take profit at 112,400-114,400-116,000; if it breaks above 116,500, you can continue to hold!

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. When entering the market, ensure proper risk control and avoid heavy positions! Thank you for reading!

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

Remember, the cryptocurrency world 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 cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. Wherever and whenever, Hongjie cheers for you and looks forward to your wonderful performance. Hongjie wishes everyone a smooth journey in the cryptocurrency world, returning with a full load!

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