Crypto Circle Academic: On October 25, Bitcoin (BTC) was stopped out at the round figure of 80,000 yesterday. I reviewed the market all night and figured out these three things!
Brothers, let me first admit a mistake to everyone. The long position prompted yesterday in the 81,000-80,500 range couldn't hold up against that wave of decline and was stopped out at the integer level of 80,000. This position didn't lose much, but the lesson is profound. That cut at 80,000 yesterday was painful, but the pain was valuable; it reminded me that the stop-loss line must never be ambiguous at any time. Today we will test with a light position; if we profit, it's experience; if we lose, it's tuition; the key is to stay alive.
The daily K-line shows that there is funding buying below 80,000, but there is also heavy selling pressure above. In the moving average system, EMA15 is at 82,117, and EMA30 is at 82,061. The price has fallen below these two short-term moving averages, damaging the short-term bullish structure. However, EMA60 is at 80,022, which is precisely today's dividing line between bulls and bears, and the price is currently right on this line. Further down, EMA90 is at 78,031, and EMA120 is at 76,787; the medium-term upward trend has not yet been damaged. MACD bearish momentum has not been fully released. The lower Bollinger Band is at 79,813, and the price is repeatedly testing this position.
The four-hour K-line has formed a clear downward structure. Currently, the price is fluctuating around 80,000. EMA15 has crossed below EMA30 to form a death cross, and all short-term moving averages have turned down. MACD is operating below the zero axis; although the green bars have narrowed, there are still no signs of a golden cross. The middle Bollinger Band near 81,500 constitutes strong resistance, and the upper band at 85,288 is not likely to be reached in the short term. The key is whether we can close a strong bullish candlestick in the range of 79,800 to 80,000, which would pull back the short-term structure. If it breaks below 79,800, the next target will be around EMA90 near 78,000.
Short-term reference:
Going north from 78,500 to 78,000 meets resistance, stop-loss at 500 points, target from 79,500 to 81,000.
Going south from 81,500 to 82,000 faces stagnation, stop-loss at 500 points, target from 80,500 to 79,500.
Specific operations should be based on real-time data from the market. For more detailed information, you can contact the author. The article may have a delay in publication, so it is recommended for reference only, and risks are to be borne by the reader.
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