Crypto Circle Academic: Will Bitcoin Reach the Wrong Empty Boundary Point at 4.30? The Ultimate Showdown of Fear and Greed! Latest Market Analysis Reference
Current Bitcoin price is 95,300, it's currently 2:30 AM Beijing time, and the market has reached the top of the box. There are two opinions now: the first is to chase the long position, and the second is to short. I am the third option; I choose to wait for the trend to develop first to survive because the essence of trading is survival. The market has reached the exchange point between longs and shorts, and there is always a possibility of a pull-up. At this moment, both fear and greed are rampant in the market, and the trend has been disrupted. Let's wait until the pattern is confirmed before making any conclusions.
The daily K-line has reached a maximum of 95,450 and a minimum of 94,150. The large-scale trend is clearly bullish. EMA15 is still rapidly stretching upwards and has currently reached 91,000, continuing to rise, and it is expected to challenge above 92,500 before the trend is confirmed. The MACD top divergence trend has appeared, with DIF and DEA breaking the energy indicators, confirming the bullish shape. How much space is there above? It's still unknown. The upper Bollinger Band has reached 98,500, while the middle band is still at 88,000. For now, I will observe and not chase the upswing; survival comes first.
The four-hour K-line has reached the pressure point below the upward trend line at 95,500. The EMA trend indicator is rising, and the bullish trend remains unchanged. EMA15 support is focused at 94,500. The MACD top divergence has continued for several days and is consistently shrinking while moving upward. If the K-line breaks the previous high with a golden cross, the trend will take shape. The bullish sentiment is strong, and extreme overbought conditions are approaching. Whether long or short, please ensure to set stop-losses when testing positions to ensure safety.
Short-term strategy reference: The market is never 100% certain, so always set appropriate stop-losses. Safety first, small losses with big profits is the goal, especially when breaking key resistance and support levels; stop-losses should still be executed without holding onto losing positions.
For northern testing positions, between 93,000 to 93,500, defend at 92,500, stop-loss at 500 points, target at 94,500 to 95,000, and break level at 95,500.
For southern testing positions, between 96,000 to 96,500, defend at 97,000, stop-loss at 500 points, target at 95,000 to 94,500, and break level at 94,000.
Specific operations should be based on real-time market data. For more detailed information, please consult the author. Note that there may be a delay in the publication of this article; it is recommended for reference only, and risk is borne by the reader. $BTC