Crypto Circle Academician: Is there a hidden conspiracy in the 5.1 Bitcoin range that hasn't broken? The main force's conspiracy exposed! Latest market analysis reference
The current price of Bitcoin is 94,000. It is now 2:30 AM Beijing time. First, I want to remind everyone that the range trend has not been broken. Many friends in the crypto community have privately messaged me, saying that the trend has broken and they have gone short. I clearly indicated a long position at 93,000 in yesterday's article. The range has not broken; only the triangular point has broken. The range is still intact. As long as the main force defends 92,000, the high-level range fluctuation will continue, and the main force will continue to accumulate.
The daily K-line reached a maximum of 95,200 and a minimum of 92,850. The EMA trend indicator is still in a high upward expansion trend. EMA15 has reached above 91,000, very close to the daily K-line. It is expected to continue stretching upwards. The MACD top divergence trend is already taking shape. The volume is decreasing while the K-line is consolidating at a high level. DIF and DEA are contracting at a high level. The upper pressure of the Bollinger Band is at 98,500, and the middle band is still at 89,000. The larger trend has now been damaged; it is just that the range has not broken. You can do wave trading, but for those trading the trend, don't rush for now.
The four-hour K-line has broken the EMA30 trend line at 94,000 and is testing the EMA60 support at 92,550. The short-term upward flag pattern is valid, and the pullback support is also valid. Aggressive traders can hold long positions at 93,000. The MACD has been continuously decreasing in volume and thickening. The Bollinger Band is continuing to consolidate horizontally. The K-line is near the lower Bollinger Band at around 93,500. Pay attention to the upper pressure level of 95,600. In the short term, it is expected that the market will consolidate around 94,500. This position is not suitable for either long or short; wait until it reaches the pressure level or support point to enter the market.
Short-term strategy reference: The market is not 100% certain, so make sure to set stop-loss orders. Safety first, small losses and big profits are the goal, especially when breaking key pressure and support levels. Stop-loss should still be implemented and avoid holding losing positions.
Northern trial entry point: 93,000 to 93,500, defend at 92,500, stop-loss at 500 points, target at 94,500 to 95,000, breaking point at 95,500.
Southern trial entry point: 96,000 to 96,500, defend at 97,000, stop-loss at 500 points, target at 95,000 to 94,500, breaking point at 94,000.
Specific operations should be based on real-time market data. For more information, please consult the author. There may be a delay in the release of this article. Suggestions are for reference only. Risk is borne by the reader. $BTC
