Crypto Circle Scholar: On 10.29, Bitcoin (BTC) Daily K-line shows a bearish arrangement vs. four-hour bottom divergence, who is lying?
I have discovered a pattern: every time there is important news, everyone is eerily quiet, and once a breakthrough occurs, everyone rushes in to chase higher prices. This is human nature and also the script that the main forces love to harvest from. I personally opened an Ant position below 80000, because the medium-term trend has not deteriorated; a drop is just delivering chips to me. But I won't hold on stubbornly; if it breaks 79400, I will admit defeat. When it dropped from yesterday's 81500, I captured 1000 points and exited completely, waiting to re-enter at the next position. Trading is not about betting on right or wrong, but calculating odds. If you find value in what I say, hit follow so you don't get lost, see you at the mountaintop.
The daily K-line peaked at 81800 and dipped to 80387. The price has already fallen below EMA15's 81470 and EMA30's 81710, with short-term moving averages turning downward, but it remains above EMA60's 80089, and the medium-term structure has not broken. The TD bottom counting has reached the 7th, with 2 more to a full 9, the reversal window is right in front of us. The MACD green bars are still expanding, and the bearish momentum has not been fully released. The middle band of the Bollinger Bands at 81854 is pressing down, with the lower band at 79669 being the key support level.
The four-hour K-line is being suppressed by moving averages: EMA15 at 80615, EMA30 at 80734, EMA60 at 81162, showing a very standard bearish arrangement. The TD just moved to the second bottom; the oversold signal has only just begun. But there is a detail to note: the MACD's DIF has already turned up and crossed above the DEA, showing a bottom divergence at the four-hour level. The middle band of the Bollinger Bands is at 80391, and the current price is exactly on the middle band, with the lower band at 79452. Whether this is a continuation of the decline or a bottom formation depends on whether 80300 can hold up.
Short-term reference:
Going north from 80100 to 79600 faces resistance, stop loss at 500 points, targets look at 80800 to 81500.
Going south from 81500 to 82000 faces stagnation, stop loss at 500 points, targets look at 80500 to 79500.
Specific operations rely mainly on real-time market data; for more information details, you can consult the author. Article publication has a delay, and suggestions are for reference only, risk is on your own.
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