Coin Circle Jinrui 5.6: Has BTC formed a head and shoulders bottom? Pay attention to whether it will surge to 64760.

CN
1 year ago

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

Since the release of the US employment statistics last Friday, Bitcoin has also broken through the 25EMA of the daily line. Therefore, even in the short term, Jinrui will mainly adopt a bullish strategy.

BTC 1-hour chart

The current trend of Bitcoin has also formed a head and shoulders bottom pattern, despite some signs of denial. But if it does not get denied and breaks through the neckline at $64,515, then we can expect another significant rise in Bitcoin.

Bitcoin is currently rising from the 1-hour 25EMA and has encountered resistance at the $64,515 neckline. If it can break through the recent high of $64,760, Jinrui expects the upward momentum to accelerate, with the target price range between $65,260 and $66,080.

The two key points to focus on at the moment are: the 1-hour chart's 25EMA ($63,946) and around $64,550.

Based on the above analysis, Jinrui will share three potential short-term trading opportunities today:

① Buy long near the 1-hour 25EMA ($63,946) with a profit target near $64,550.

② Sell short near $64,550 with a profit target at the 1-hour 25EMA ($63,946).

③ Go long with the trend when the price breaks through $64,760, with a profit target near $65,260 to $66,080.

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I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are experiencing difficulties in trading or long-term losses, or if your trades are stuck, you can follow my public account (AICoin Jinrui). Investment involves risks, so please be cautious when entering the market. With the market fluctuating every day, 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.

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