Cryptocurrency Expert: On October 26, Bitcoin (BTC) is under pressure from five major obstacles yet cannot drop; what is that invisible hand doing behind the scenes?
Today, a fan DM'd me, saying he had put in the money he was supposed to use to pay rent, asking if I could make it double. After reading it, I didn't reply. It's not indifference; I'm genuinely afraid. The cruelest part of this market isn't that you take the wrong direction but that you use the wrong money. Leverage, contracts, going all in - just touching any of these means you've already lost half. I write these analyses every day not to have you buy what I recommend but to make you pause for 30 seconds before placing an order: If I lose on this trade, can I sleep at night? If I can't, then don't trade.
The daily candlestick chart shows a high-level contraction. The current price is 80750, stuck above EMA60, with EMA15 at 82017 and EMA30 at 82016 below it. The short and medium-term moving averages are flattening and merging, indicating a tug-of-war at the psychological 80,000 level has been ongoing for a week. The MACD red bars are beginning to shorten, and DIF remains above DEA; bullish momentum is fading but not dead. The middle Bollinger Band is at 82335 and the lower band at 80006, with the price running close to the lower band. The TD sequential count is down to 4; there are approximately 5 more candlesticks to complete the adjustment cycle on the daily chart.
The structure of the four-hour candlestick chart is clear: The price of 80736 has already broken below EMA15 at 80904, EMA30 at 81733, EMA60 at 81770, EMA90 at 82052, and EMA120 at 82182; all five moving averages are in a complete bearish arrangement, which is the most unpleasant short-term shape. But pay attention to two details: First, the MACD green bars continue to converge, and DIF is about to cross above DEA, forming a basic bullish divergence; second, the Bollinger Band lower band at 79960 and the daily lower band at 80006 are forming resonance support. The TD down count has only reached 2; on the four-hour level, this round of adjustment has only completed halfway, and after the next bottoming out, opportunities to go north can be sought. The short-term strategy is as follows:
Short-term reference:
Going north from 80100 to 79600 faces resistance, with a stop loss of 500 points, and a target looking at 80800 to 81500.
Going south from 81500 to 82000 faces stagnation, with a stop loss of 500 points, and a target looking at 80500 to 79500.
Specific operations should be based on real-time data, and for more details, you can consult me. There may be delays in publication; please consider this as a reference only, and the risk is on you.
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