Old buddy, let's talk through the pictures! The current trend of Bitcoin is just like a roller coaster. I'll highlight the key points for you:
Current Situation
The price is stuck around $110,000, just a step away from the upper resistance level. This position is like the last wall before fighting the game boss; if you break through, you can take off, but if you can't, you'll have to turn back and find support.
Bullish and Bearish Signal Lights
Short-term bullish: The 7-day moving average and the 7-day exponential moving average are sticking together at 108,990, indicating strong buying pressure in the past week.
Beware of false breakouts: The upper Bollinger Band has pressed down on the top of the head. If this position hasn't broken through before, it could easily trigger a sell-off.
Funding looks promising: A net inflow of $140 million in real cash indicates that large players are secretly positioning themselves.
Operational Guide
For Long Positions:
At the current price near $110,000, first reduce your position by 1/3. If it breaks the resistance level at $111,300, buy back again. If it falls below the yellow 7-day moving average, stop loss immediately without hesitation.
For Short Positions:
Watch the $111,000 mark. If it can't break through after three attempts, place a short order, but if it falls below $108,000, you should run quickly.
Alternative Plan: Wait for the price to touch the lower Bollinger Band at $101,000 before bottom fishing.
Insider Information Warning
Recently, focus on two nuclear-level events:
If the U.S. suddenly passes the Bitcoin ETF, just close your eyes and chase the rise.
If countries jointly issue regulatory documents, if it falls below $105,000, quickly cut losses.
Remember! The current market is like walking on a tightrope; near $110,000 it's better to earn less than to be greedy. For those who have positions, set an alarm every day to monitor the market, and don't get liquidated by sudden midnight spikes. Retail investors who want to break even should remember these eight words: take profit when it's good, and slip away when it breaks down!
Intraday: BTC ETH
