Crypto Circle Scholar: Is the 5.6 Bitcoin flag pattern pullback support effective? Where to look for bull attack targets? Latest market analysis reference
The current price of Bitcoin is 94,700, and it is now 3 AM Beijing time. My real-time thinking provided in the Moments during this short-term bearish wave is quite stable, especially after breaking below the short-term neck support level of 95,500, which led to a bearish pattern indicator. Some coin friends said that taking profit at 94,000 was too early, and it should go down to 91,000. When asked for the reason, they felt? Don't joke around, the support at 93,500 is very strong. I opened a short position at 94,000. Even if you don't open a long position, you shouldn't short at this level. This is the most basic trading principle. The main force has not given up on the high ground near 95,500, which is very clear.
The daily K-line highest is 94,900, the lowest is 93,450. Has the lowest point reached the EMA15 trend fast line support point? I have been saying for many days that when the EMA15 trend fast line coincides with the K-line, it is the time for a bullish rebound. Although the upward alternating diffusion trend of the EMA trend indicator is nearing its end, it does not mean that the bears have arrived. The most common thinking of the main force is consolidation. MACD has continuously increased its volume to the bottom, and the probability of a dead cross of DIF and DEA shrinking at any time is present. The top divergence has reached a key support, and the upper track of the Bollinger Bands has not continued to expand. The middle track has reached 92,000, and the box range is increasing.
After the four-hour K-line continuously tested the EMA90 trend support point and began to pull back, the rising flag support point pullback is effective, and the support at 93,500 is effective. The MACD volume has decreased, and the DIF and DEA are shrinking. There is a short-term bullish wave that everyone can pay attention to. The K-line continuously hovers around the lower track of the Bollinger Bands at 93,500 and begins to stretch upward, paying attention to the middle track pressure level at 95,560. If it does not break, it will continue to impact the previous low. If it breaks, pay attention to the upper track pressure level at 97,600.
Short-term thinking reference: The market is not 100%, so always manage your stop-loss; safety first, small losses and big profits are the goal.
Northbound trial position from 93,500 to 94,000, with a defense at 93,000, stop-loss of 500 points, target looking at 94,500 to 95,000, break point looking at 95,500.
Southbound trial position from 95,500 to 95,000, with a defense at 96,000, stop-loss of 500 points, target looking at 94,500 to 94,000, break point looking at 93,500.
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; suggestions are for reference only, and risks are borne by yourself. $BTC
