Red Sister in the Crypto Circle 10.20 (Writing time 0:25) Today's Bitcoin BTC Market Analysis and Trading Suggestions:
The current price of Bitcoin is around 108,400. In the 1H chart, the price is approaching the EMA120 level for a pullback. The green bars in the MACD are shrinking, the KDJ is turning down in the overbought zone, and the RSI lines are all pointing downwards, indicating a short-term pullback demand. The support below focuses on the mid-band and the overlapping support of EMA30. On the upside, we look for a breakthrough of EMA120 to reach the EMA160 level.
In the 4H chart, the BOLL is narrowing, with the upper band quickly approaching 109,100 and the EMA30 moving average, which may form the first short-term resistance level. During the day, we continue to look for support at the mid-band. If there is a second upward attempt to break through EMA30, there is a possibility of hitting EMA60, similar to last Monday's market. The KDJ is also close to overbought, indicating a risk of pullback. Red Sister suggests patiently waiting for the bulls to finish before deciding to enter short positions. If the upper band cannot break through, this week will continue to see a series of downward trends!
Sell Point: ≥109,800 light short, stop loss above 111,500; take profit at 108,600-107,400; if it breaks below 107,300-107,000, you can continue to hold.
Buy Point: ≤107,400 light long, stop loss below 106,600; take profit at 108,800-109,700; if it breaks above 109,800-110,500, you can continue to hold.
The article review and push have delays, and 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, 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 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 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!
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