5.12: Black Swan 4th Anniversary Ritual 512-519 Charm Reappears? Bitcoin High Position Consolidation Hides Danger! Latest Market Analysis Reference from Cryptocurrency Academics
Current Bitcoin Price 104500, it is currently four o'clock in the morning Beijing time, and it is another 512. Four years have passed since the global black swan on this day in 2021. For us old-timers in the cryptocurrency circle, it feels like a lifetime ago, everything seems to have happened yesterday. My trading system also began to take shape around that time, and I started reminding everyone that the essence of trading is survival. Always consider losses first before thinking about profits; only in this way can we survive in the cryptocurrency world.
Let’s take a look at the current market situation. The daily K-line has a highest point of 104950 and a lowest point of 103300, indicating a high-level consolidation at the top where funds are being accumulated. The EMA trend indicator is extending upwards, continuing the bullish trend. The fast and slow lines are widening, and the EMA15 trend fast line support is expected to continue stretching towards the 100,000 mark. The daily K-line is likely to experience a pullback this week, which will be our best entry point for long positions. For the time being, if it has not reached the previous levels, we can consider shorting at high positions. MACD is continuously reducing its volume, but bulls are still accumulating. The DIF and DEA are slowing down in high-level diffusion, and the K-line is alternating around the upper Bollinger band at 104250, expanding upwards. The larger scale is still on the edge of extreme overbought, indicating a demand for a pullback.
The four-hour K-line is currently in a rising flag pattern, and the box structure is quite clear. The EMA15 trend fast line support has come down to 103250, and a pullback to this position can be an opportunity for a short-term long position. Don’t set the stop-loss too far; if it breaks down, exit the position. MACD is continuously decreasing in volume, and the top divergence is continuing. The DIF and DEA are expanding downwards while the Bollinger band is contracting. The upper pressure level to watch is the upper track at 105150, mid-track support at 103250, and the lower track remains bullish as long as it doesn't break 101000. Cautious traders can wait for the K-line to test the bottom of the lower track before entering long positions.
Short-term strategy reference: Safety first, small losses and big gains are the goal.
Northern trial entry point: 101300 to 101000, defense at 100500, stop loss at 500 points, target at 102000 to 103000, if broken, look at 104000.
Southern trial entry point: 104500 to 105000, defense at 105300, stop loss at 500 points, target at 104000 to 103500, if broken, look at 103000.
Specific operations are based on real-time market data. For more detailed information, you can consult the author. There may be delays in article publication; suggestions are for reference only, and risks are borne by the reader. $BTC
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