Crypto Circle Academician: Is the Bitcoin Bull Dream Shattered After the 5.8 Federal Reserve Decision? Latest Market Analysis Reference
The essence of trading is survival, and then comes profit,
The current price of Bitcoin is 96,000, and it is now 3:30 AM Beijing time. Let's first review yesterday's market. In yesterday's article, I mentioned that after Bitcoin surpassed 95,000, the trend indicator formed a golden cross, leading to a unilateral market. Congratulations to the friends who followed the upward trend; everyone must have made quite a profit in this wave. Let's see what changes the market will undergo after the Federal Reserve's interest rate decision,
First, the daily K-line had a high of 97,700 and a low of 95,800. The large-level EMA trend indicator's upward alternating diffusion trend has basically ended. The EMA15 fast line indicator is still stretching upwards, reaching 94,000, and it is expected to continue stretching to challenge 94,500, which is also the latest support point. If the MACD volume expansion is about to end, and if the DIF and DEA cannot hold the daily golden ratio line of 0.618, it will form a bearish trend, leading to a change in trend. There is a high probability that the bearish trend will strengthen. The upper band of the Bollinger Bands is moving up, and the middle band has reached 93,000. After breaking the previous high, we can consider setting up shorts.
The four-hour K-line is currently standing at the EMA trend indicator's top support of 95,800, with bottom support at 93,000. The MACD volume expansion is decreasing, and the DIF and DEA have not exited the energy indicator before starting to contract. The upper band of the Bollinger Bands has a pressure level to watch at 97,500, with the middle band at 95,450. A bearish trend will only open up if it breaks down, challenging the lower band support at 93,000. There is no need to rush into trades; it is safest to enter the market together when the main force stretches to sell.
Short-term strategy reference: The market is not 100%, so always set stop losses; safety first. The goal is to minimize losses while maximizing profits, especially when breaking key resistance and support levels. Stop losses should still be implemented; do not hold onto losing positions.
Northern entry points are 93,500 to 94,000, with support at 93,000 and a stop loss of 500 points. The target is to look at 94,500 to 95,000, and if broken, the target is 95,500.
Southern entry points are 97,500 to 98,000, with support at 98,500 and a stop loss of 500 points. The target is to look at 96,500 to 96,000, and if broken, the target is 95,500.
Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in article publication; suggestions are for reference only, and risks are to be borne by oneself.
