Crypto Circle Academician: Are you on board the short position above 88000 Bitcoin on April 22? Volume ends, bears crush back! Latest market analysis reference
Current price of Bitcoin is 87000, it is currently 3:30 AM Beijing time. The high position short suggested in yesterday's article was swept out. Did everyone enter the short position at the previous high of 88000? Profit and loss are from the same source, after all, it has been smooth sailing, and it's normal to experience being swept out by the main force once. Old rule, if I'm wrong, I correct it, I don't hold the position. Currently choosing to go south near 88000, I am holding, everyone can refer to this.
Looking at the current trend of the daily candlestick, the highest before publication was 88400, the lowest was 85100, and the candlestick has reached the intermediate pressure level near 88500 and has been pushed down, indicating effective upper pressure level. Coupled with the obvious stretching and unloading from the main force currently, the candlestick has returned to the EMA trend indicator, facing resistance at the EMA120 resistance point of 87300. Pay attention to the upper track pressure level of 88200. MACD, as expected, after the volume increase, DIF and DEA entered polarization. Therefore, after a period of consolidation at the high level, it is highly likely that the main force will draw a door. So the short position is effective and can be held, remember to do a good job of defense and carry a stop loss, safety first.
The four-hour candlestick started to fall after reaching a high. From the stretching point of 84000 yesterday to the current stretching position, a head and shoulders trend has formed, starting to close with bearish candles. The candlestick fell below the neck line, and it is expected to continue to test lower. MACD continuous volume increase in holdings ended, bullish momentum weakened. The candlestick has returned to the Bollinger Bands channel. Pay attention to the upper track pressure level of 87800 and the middle track support level of 85400. The idea is that if the pressure level is effective, a short position can be tested.
Short-term thinking reference: The market is not 100%, so be sure to carry a stop loss, safety first. The goal is to minimize losses while maximizing gains. If you're wrong, don't hold the position; if you're right, hold it. The essence of trading is survival.
Northern test positions 83500 to 83000, defense 82500, stop loss 500 points, target looking at 84500 to 85000, breaking position looking at 85500 to 86000.
Southern test positions 87800 to 88300, defense 88600, stop loss 500 points, target looking at 85500 to 85000, breaking position looking at 84500 to 84000.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be a delay in article publication; advice is for reference only, risk is borne by yourself $BTC
