4.24 Crypto Circle Academician's Late Night Warning: Bitcoin Volatile at 94,000 High! Avoid chasing prices and panic selling, greedy people perish! Latest market analysis reference
Current Bitcoin price is 94,000, and it is now 3 AM Beijing time. Although the bulls have started, the market will not always move in one direction. Collect your inner greed, do not chase prices or panic sell, especially in such trend conditions. It is better to stay out than to open positions casually, especially ensure to set proper stop losses. Currently, it is clear that Bitcoin is in a high-level sideways state. What we need to do is wait, wait for the most reliable signal of the trend, wait for the best entry point.
The daily K-line has reached the highest point of the butterfly pattern at 95,000 and the lowest at 91,900. The overall trend does not rule out the possibility that the main force will further stretch and break the previous high, especially with the daily K-line in a high-level consolidation market, plus the EMA trend indicator showing contraction. The EMA15 is stretching upwards but has not broken the EMA120 trend line. Furthermore, after the K-line broke the upper Bollinger Band at 92,300, it has not returned to the channel. The MACD continues to increase volume, indicating that the bulls are maintaining a strong phase. Therefore, in this trend, both long and short positions have relative risks.
For the four-hour K-line, the high point support to focus on is the EMA15 at 91,000. The Bollinger Band is opening and spreading, and if the K-line returns to the channel, pay attention to the upper resistance at 95,700, with the middle track support at 89,400. The MACD shows a top divergence, indicating a decrease in volume, suggesting the short-term bulls lack momentum and there is a possibility of a downward probe. Therefore, short-term shorts can be attempted, with stop loss if it breaks the previous high, and if it doesn't break, it could see below 92,000.
Short-term strategy reference: The market is never 100%, so always set stop losses. Safety first, small losses and big gains is the goal.
For upward testing positions: 91,000 to 90,500, with a stop loss of 90,000, 500-point stop loss, target looking at 92,000 to 93,000, if broken, look at 94,000.
For downward testing positions: 94,000 to 94,500, with a stop loss of 95,000, 500-point stop loss, target looking at 93,500 to 93,000, if broken, look at 92,000.
Specific operations based on real-time market data. For more detailed information, you can consult the author. There might be a delay in article publication, so it is advised for reference only, risk is borne by yourself.