Crypto Circle Academician: The Potential Storm Hidden Behind the Short-Term Fluctuation of Bitcoin on May 18! The market is complex; who can dominate the future?
The current price of Bitcoin is 103,000. It is now 1:30 AM Beijing time, and it is highly likely that the market will remain flat over the weekend, with no clear entry points. Friends who like to trade Bitcoin can take a break; the reason is quite normal. The main force is also operated by people, and after harvesting profits, they will naturally celebrate with champagne, just like our mindset when we take profits. The bulls are gathering strength, so let’s get to the order book.
Currently, the daily K-line has been fluctuating around 103,000, with a high of 103,600 and a low of 102,550. Such narrow fluctuations in the market leave little room for operation. The K-line has been adjusting above the 0.786 golden ratio line, and there is currently no intention to break below this line, which indicates a high probability of continuing to consolidate. The EMA15 trend fast line pressure has also reached above 101,000 and is still stretching upwards. The MACD has ended its continuous expansion and has started to shrink downwards. The DIF and DEA have formed a dead cross at a high level, indicating that the main force is likely to test the strength of the major trend support point. The Bollinger Bands upward channel remains unchanged, and the focus is on the midline of the Bollinger Bands at 99,500.
The four-hour K-line is currently at the support point of the triangle mouth. Interested friends can consider a short-term long position, with a limited space of 500 points for profit-taking. The EMA trend indicator has contracted at a high level, so the K-line is likely to consolidate at a high level. Additionally, the MACD shows one large and one small indicator. Although the DIF and DEA are expanding, there is a high probability of missing the best entry point once the golden cross trend appears. The Bollinger Bands are flat, and the K-line has been consolidating around the middle track at 103,200. The upper track pressure has reached 104,400, while the lower track is too high and has already broken the 102,200 support level. Overall, the bullish trend dominates the market, and the strategy is mainly bullish, with a cautious approach to shorting for now.
Short-term trading strategy reference:
For upward trial positions, points 102,000 to 101,500, with a stop-loss at 101,000, risking 500 points, and targets looking at 104,000 to 104,500, with a breakout target at 105,000.
For downward trial positions, points 105,000 to 105,500, with a stop-loss at 105,800, risking 500 points, and targets looking at 103,000 to 102,500, with a breakout target at 102,000.
Specific operations should be based on real-time order book data. For more information, you can consult the author. The article is published with a delay, and it is recommended for reference only, with risks borne by yourself $BTC