Only with a calm mind can one achieve great success in investment. Everything else is just empty talk. Making money is the ultimate goal. Hello everyone, I am AICoin Jinrui!

BTC Daily Chart:

If we were to explain the current trend using technical analysis, Jinrui believes that as long as the price on the daily chart does not fall below the range of $59,000, we can still maintain a bullish view.

The key point to focus on at the daily chart level is $59,000. If the price falls below this point, Jinrui expects a further decline to around $53,000.

If the price does not fall below, this will be a mid-term buying opportunity, and the price will fluctuate within this range. For investors who feel uneasy, it is ideal to wait for the market direction to become clear before entering the market 😌.

Currently, Bitcoin does indeed present an excellent buying opportunity. Those who can go long at this time can be considered strong players in the market 💪🏻. However, everyone must remember to take some profits 😌.

Additionally, $64,500 serves as a support and resistance level, and if the price breaks through this level, we can consider adding to our long positions! Tomorrow will mark the halving of Bitcoin production, and Jinrui will continue to cautiously observe the market dynamics👍.

BTC 1-Hour Chart:

On the 1-hour chart, Bitcoin has risen above the parallel channel. It can be seen that a head and shoulders pattern has formed ☝🏻. If the price breaks through the channel above as the neckline, Jinrui can confirm that there will be further upward movement.

Therefore, Jinrui's operational suggestions for the day are: ① Go long near the upper part of the parallel channel, with the price between $64,850 and $64,950. The profit-taking point is near the 4-hour level of 75 and 200 EMA ($65,491-$65,914). ⚠️ Jinrui suggests not blindly following the trend, but looking for opportunities to switch between long and short positions.

② Use the 25 and 75 EMA on the 1-hour chart as support for going long ($63,018), with the profit-taking point near $64,600.

If the price encounters resistance above the parallel channel, as a risk hedge, Jinrui suggests that short-term shorting is also effective👍. The market volatility is high and sharp fluctuations are likely to occur, so Jinrui advises everyone to set their profit-taking and stop-loss points👍.

If you want to receive real-time information later, please like and share to let me know🙌🏻. If this is helpful to you, I hope you will like it ❤️ and follow, and I look forward to your support.

I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are not doing well in trading, experiencing long-term losses, or getting stuck in trades, you can follow my public account (AICoin Jinrui). Investment involves risks, so be cautious when entering the market. The market fluctuates daily, and all I can do is to use my years of practical experience to help you make the right investment decisions and manage your operations in the right direction.

The end of the article and other advertisements in the comments section are not related to me personally!! Please be cautious in distinguishing between true and false information. Thank you for reading.

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