Crypto Circle Red Sister 11.9: Bitcoin ETF experiences outflows again, can we still go long with the 4H oscillation channel unbroken? Today's latest market analysis and trading suggestions for Bitcoin (BTC)!

CN
4 hours ago

Red Sister in the Crypto Circle 11.9 (Written at 3:50) Today's Bitcoin BTC Market Analysis and Trading Suggestions:

The current price of Bitcoin is around 101,900. The K-line is currently in the lower middle range of the 1H chart, facing pressure from the middle track and forming a pin bar at the lower track position. We can see that the red volume in the MACD is shrinking, and after a death cross on the 1H chart, it is narrowing again. The BOLL upper and lower tracks are also in a narrowing pattern, indicating that the market's volatility will also decrease! Continue to pay attention to the support at the lower track position!

In the 4H chart, the price has broken below the middle track support during the day, so the entry point for long positions needs to be adjusted downwards. The green volume in the MACD is slowly shrinking, and the convergence of DIF and DEA is not very strong. The KDJ is showing a downward trend in the overbought area, forming a consolidation above 50. Red Sister reminded everyone in yesterday's article to reduce positions and take profits during this overbought phase. This downward move was also anticipated, and after taking profits on long positions, we have again entered short positions. The RSI three lines are showing signs of a turning point downward, and the BOLL channel's three tracks remain parallel, indicating a typical oscillation channel. Red Sister suggests that low long positions can be lightly entered, reserving the 4H lower track position for additional purchases, while continuing to watch the EMA30 and upper track range!

Sell Point: ≥104,500 light short, stop loss above 105,400; take profit at 103,500-102,400-101,500; if it breaks below 101,000, you can continue to hold.

Buy Point: ≤101,500 light long, reserve the lower track position at 100,300 for additional purchases, stop loss at 500 points; take profit at 102,500-103,400-104,400; if it breaks above 104,500, you can continue to hold until around 105,200.

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!

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 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 a smooth journey in the crypto circle, returning with a full load!

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