8.12 decline is a better time to look bullish, evening data reveals positive outlook.

CN
3 hours ago

This week, the Bitcoin market is in a retreat phase. Overall, the market has not dropped much, and the price shows a range fluctuation pattern. The ups and downs of long and short positions have not changed significantly. A better approach right now is to go short at high levels and long at low levels.

On the four-hour level, the K-line gradually rose last week. After reaching the peak at the 654 level and forming a double top, it was unable to break through and continued to fall back. This indicates that the movement is relatively slow. If the price wants to rise better, this process of retreating and accumulating strength is essential. In fact, the current retreat is a good thing. Only with a pullback to accumulate strength and wait for the moving averages to catch up can a better rise occur.

At the weekly K-line level, the Bollinger Bands are in a parallel opening state, with prices running in the middle to lower band range. During this time, the K-lines alternate between small bearish and small bullish candles, indicating that the overall market fluctuation is not large, belonging to a consolidation phase. The MACD shows bullish volume, and as long as the volume presents real entities, it formally sounds the horn for a counterattack. This evening's CPI is of utmost importance, and from the current pre-market signals, it still leans more towards bullish.

Intra-day, it is recommended to go long in batches in the 63400-63000 range, targeting a breakthrough towards 64300 and looking at approximately the 65200 level.

Follow the public account, "How to Solve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. Trading education is shared for free, bringing stable strength and clear guidance in the restless trading market. With experience across three rounds of bull and bear markets and years of practical trading, specializing in naked K, trends, Dow Theory, Gann, harmonics, the theory of cyclical waves, and other technical analyses, gathered into unique personal insights.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink