Bitcoin Market Analysis and Trading Suggestions on November 13 (Written at 1:27)
The current price of Bitcoin (BTC) is around 101,500. The intraday market has rebounded as expected, reaching the high entry point above 105,000 provided by Hongjie. In the evening, it directly retraced to the target profit area near 101,500, securing a profit of over 3,000! Currently, the K-line is at the lower boundary of the 4H chart, close to the 101,000 mark, showing some pause. The red bars in the MACD are increasing again, and the DIF and DEA failed to converge during the day, with the DIF line diverging downwards again, indicating a relatively strong bearish trend. The KDJ and RSI intersected upwards but failed and are now turning down, approaching the oversold zone. Hongjie believes that the downward space has not yet been fully explored, and if one wants to bottom-fish, patience is required to wait for the short-term space to complete!
On the daily chart, the market has already broken below the low points of the 8th and 9th days. The lower Bollinger Band is still extending downwards, approaching 107,300. The red bars in the MACD are also increasing again. The long-awaited golden cross has ultimately failed, and the DIF and DEA have formed a divergence pattern. The three lines of the KDJ are turning down and are forming a convergence, while the three lines of the RSI are also intersecting downwards, indicating that the bearish trend may continue. The strategy remains unchanged, maintaining a high entry point for rebounds. One can pay attention to the daily MA280 (103,966) and the 4H mid-range area for short entry. Below, focus on not breaking below 100,000 and the low point of the 7th (99,300) for short-term longs!
Sell Point: ≥ 103,900 light short, stop loss above 105,000; take profit at 102,500-101,500; if it breaks below 101,000, it can continue to hold until below 100,000.
Buy Point: ≤ 100,000 light long, stop loss below 98,800; take profit at 101,500-102,500-103,500.
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 cryptocurrency world 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 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 smooth sailing on the cryptocurrency journey and a bountiful return!
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