Crypto Circle Academic: After Bitcoin broke a new high on May 24, the 'Bloody Romance' – who is celebrating and who is crying? Latest market analysis reference
Current price of Bitcoin is 108,500, it is now 1:30 AM Beijing time. After breaking the historical high, how does 'Bloody Romance' make you lose faith? It's actually very simple; I hope you can survive in this circle. Everyone knows that this wave of stretching breaking historical records has nothing to do with retail investors, so don't shamelessly rush in. What you need to do is hold onto your chips and rest. At least this week's market has ended; what remains is the test of mentality, which is all about resisting positions.
Daily K-line highest 111,800, lowest 107,300. Observing the EMA15 trend support line that has reached 105,000 and is continuing to rise, it is expected to provide the first support point for K-line around 106,000. The second support point to watch is 102,000, which is also where we started testing positions. The MACD top divergence trend has not yet ended, volume has significantly decreased, and the DIF and DEA are still expanding at high levels. The K-line has retreated from the upper Bollinger Band, focusing on the middle Bollinger Band support at 103,400. The market is returning from extreme overbought levels but is still high; don't rush to jump in.
The four-hour K-line top divergence gap has been filled, and the divergence has ended. The K-line has returned to the trend indicator, with support near EMA30 at 108,000. The MACD has decreased volume and increased positions, and the DIF and DEA have crossed downwards. It seems that there is still the possibility of further downward movement in the short term. Pay attention to the lower Bollinger Band support after contraction at 105,000. Currently, the trend has declined by 5,000 points. According to the trend, fluctuations exceeding 10,000 points are very normal. Therefore, until Bitcoin deeply tests the bottom, do not consider jumping in for now; focus on observing, and center attention on other mainstream coins.
Short-term reference:
Aggressive players buy at 107,500, defend at 107,000, stop loss at 5,000, target 1,000 to 3,000 points
Northern trial point buy at 103,000 to 102,500, defend at 101,000, stop loss at 500 points, target looking at 104,500 to 105,500, break point looking at 106,500,
Southern reference point sell at 112,500 to 113,000, defend at 113,500, stop loss at 500 points, target looking at 109,000 to 108,500, break point looking at 108,000,
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