Crypto Circle Scholar: On May 13th, Bitcoin has reached a critical support level, preparing for a rebound! Latest market analysis reference
Current price of Bitcoin is 102,000, it is now 3:30 AM Beijing time, just locked in profits, the trading record has been updated, everyone can take a look at my chosen entry and exit points for reference. Yesterday I mentioned that after the liquidation on May 12th, many fans emphasized May 19th, but my memory starts from May 12th. Bitcoin has dropped 5,000 points in this wave, showing several short sale indicator patterns. No matter which one you catch, there is good potential. Congratulations to the friends who followed along.
Let’s look at the current daily K-line trend. The daily K-line reached a high of 1,058,700 and a low of 100,650. The EMA15 trend indicator's fast line has reached around 100,000. It is expected that the K-line will retrace to the 100,000 mark and consolidate, as the market cannot continuously move in one direction. Everyone should be clear-headed and not act blindly. The MACD volume is decreasing, and the DIF and DEA are contracting at high levels. The Bollinger Bands expansion trend remains unchanged, with the K-line breaking the upper Bollinger Band at 104,650. Pay attention to the Bollinger Band middle support at 97,100. The large-scale market is returning from an overbought state, and in the short term, the market has reached a key support level. You can start testing long positions, manage your defense and stop losses, and leave the rest to time.
The four-hour K-line has continuously closed in the red, forming three crows, falling into the EMA trend indicator and breaking the EMA30, starting to impact the EMA60 support at the 100,000 integer mark. The MACD has been continuously declining with increased volume, and the DIF and DEA are expanding downward at high levels. The lower Bollinger Band at 102,000 has been breached, and the K-line is expected to return to the Bollinger Band channel to consolidate. Pay attention to the middle track resistance at 103,550. If it doesn’t break the middle track, long positions can take profits, if broken, pay attention to the pressure at the 105,000 mark.
Short-term strategy reference: The market is not 100%, so be sure to manage stop losses. Safety first, small losses with big gains is the goal, especially when breaking key pressures and supports, stop losses must be executed, do not hold onto positions.
For long positions: test points from 101,000 to 100,500, defend at 100,000, stop loss at 500 points, target from 102,000 to 103,000, if broken, look at 104,000.
For short positions: test points from 105,000 to 105,500, defend at 105,800, stop loss at 500 points, target from 104,000 to 103,500, if broken, look at 103,000.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so it is recommended for reference only. Risk is borne by yourself.
$BTC #BTC #BTC走势分析