Crypto Circle Scholar: Does the end of the unilateral stretch at 5.2 Bitcoin mean the end of the bulls? Latest market analysis reference
The essence of trading is survival, I hope you can understand,
The current price of Bitcoin is 96,600, and it is currently 3:30 AM Beijing time. Has the main force's conspiracy surfaced? The unilateral stretch upwards has liquidated the shorts. Although we tried short positions at high levels, we ultimately got liquidated. The short positions around 95,500 broke the previous high of 98,700 with stop losses. Don’t resist the positions; remember that the essence of trading is survival, and profits come second. Survive first before considering the future,
Looking at the daily K-line, the current highest is 97,400, and the lowest is 94,000. A wave of unilateral stretch broke through the major resistance level and reached around the 0.618 Fibonacci retracement line at 96,450. The main force will re-accumulate at this position. The EMA bullish trend is alternating and continuing. The EMA15 trend support has reached 92,000. Based on the current strength of the market, it is expected that the EMA15 will continue to stretch upwards to challenge 94,000. The MACD top divergence continues, with DIF and DEA expanding upwards. The K-line is challenging the upper pressure level of the Bollinger Bands at 99,300. The market is about to enter an extreme overbought phase; watch for reversal signals. Once they appear, you can short,
The four-hour K-line has broken the EMA trend indicator and stood at a high position. The EMA15 trend support has reached 95,200. The MACD has been continuously increasing, and the DIF and DEA golden cross trend is taking shape. After the K-line broke the upper Bollinger Band at 96,400, it is expected to return to the Bollinger Band channel. Pay attention to the mid-track support at 95,000. The upper short-term can see that the neckline at 96,800 has already been broken, so you can capture a short position with a target first looking at the strength around 96,000, then decide whether to take profits. You can refer to this,
Short-term trading thoughts reference: The market is never 100%, so always set good stop losses. Safety first—small losses with big gains is the goal, especially if key resistance and support levels are broken; stop losses must be executed, don’t resist the positions.
Northbound trial position at 95,500 to 95,000, defend at 94,500, stop loss 500 points, target at 96,500 to 97,000, break level at 97,500.
Southbound trial position at 98,000 to 98,500, defend at 99,000, stop loss 500 points, target at 97,000 to 96,500, break level at 96,000.
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 the suggestions are for reference only, and risks are borne by yourself.