Crypto Circle Academician: The Life-and-Death Game Under the Control of Bitcoin's Main Force on May 22! Just watch the show and don't be decentralized.
The current price of Bitcoin is 107,000, and it is now 2 AM Beijing time. Yesterday's real-time data was 104,500. How much did everyone pocket in the end? I chose to be stable and exited around 106,600. Many crypto friends have been asking if they can short around 108,000. My advice is to survive first because the bullish trend is too strong. Before this article was published, Bitcoin created history again and made it to the trending list. In just a few days, the market has been flooded with positive news. At this time, the main force's high control over the market has nothing to do with retail investors. What we need to do is to preserve the remaining chips we have and survive first, as the main force may clear both long and short positions simultaneously.
The daily K-line had a high of 1,098,500 and a low of 106,100. The EMA15 trend fast line support has reached 103,500 and is still stretching. It is expected to impact 105,000 to provide a new support point for the large-level trend. This position is also our chosen entry point for going long and can be used as a reference. The MACD's top divergence has ended with decreasing volume and has started to increase in volume. The large-level trend has shown a golden cross, and the upper pressure level of the Bollinger Bands has broken 110,000 and is still moving up. Overall, the bullish trend is too strong, and the top is unknown. My advice is to be bullish but not chase the increase. Wait for a pullback to confirm support before entering; otherwise, just wait.
In the four-hour K-line, after breaking the previous high, the EMA15 fast line support has come to 106,500. The MACD has been increasing continuously, and the DIF and DEA have stood above the energy indicators, opening a strong bullish trend. The K-line has also broken the upper track of the Bollinger Bands at 108,750. In the short term, the main force will consolidate at this position, and when it retraces, pay attention to the middle track support at 105,600. After reaching this point, consider trying long positions. The current market is extremely overbought, and fluctuations can exceed 5,000 points. The best way is to watch more and act less, waiting for key support before considering entry, and temporarily not considering shorting.
Short-term reference:
Long entry point at 103,000 to 102,500 with a stop loss at 101,000 and a stop loss of 500 points, targeting 104,500 to 105,500, and if broken, look at 106,500.
Short entry point at 111,500 to 112,000 with a stop loss at 112,500 and a stop loss of 500 points, targeting 109,500 to 108,500, and if broken, look at 107,500.
Specific operations are based on real-time data from the market. For more information, you can consult the author. There may be delays in the article's release, so it is recommended for reference only, and risks are borne by the reader. $BTC
