Cryptocurrency Expert: The historical peak of Bitcoin on May 30 will always belong to the latecomers! How can retail investors save themselves? Latest market analysis reference
The current price of Bitcoin is 107,000. It is now 1:30 AM Beijing time, and the market has been stagnant for a day. The shorts haven't arrived yet, and everyone is talking about Trump betting 3 billion on the crypto market? How can he bet? 110,000 for Bitcoin? Don't be fooled by the aggressive market players; think twice. If you were Trump, would you bet at the historical peak? Trading should not be mindless speculation; my thought is that above 110,000 is an opportunity to short. At least since the 26th, when it was at 110,000, there have already been over 3,000 points available to take profit before this article was published.
The daily K-line shows three consecutive bearish candles, with a high of 108,900 and a low of 106,500, breaking the support at the EMA15 trend line of 106,800. Pay attention to the next trend support at EMA30, which is the trend exchange point I have mentioned frequently these days at 103,000. The bearish trend is already very obvious in the short term, and it is possible that the main force will return to the 100,000 mark for a sideways adjustment. The MACD top divergence has lasted too long, continuously reducing volume and accumulating, while the bearish trend has been strengthening. After the contraction of the Bollinger Bands, the upper resistance level has reached 111,000, and the lower level is at 101,000.
The four-hour K-line has broken the EMA90 trend support at 106,700. Currently, the trend indicators are contracting downwards, with MACD reducing volume and accumulating, and both DIF and DEA have fallen below the 0 axis line. The K-line has reached the lower Bollinger Band at 106,500, strengthening the bearish trend. As long as an effective drop appears in the entity, there is basically no suspense for the bearish trend before any positive stimulus. For those in the crypto community who are shorting from 110,000, I suggest watching us take profits and waiting for the next opportunity.
Short-term reference: The market is not 100% certain, so always set stop losses. Safety first; minimizing losses while maximizing gains is the goal.
For northbound positions, the trial entry point is between 103,500 and 103,000, with a defense at 102,500 and a stop loss of 500 points, targeting 104,500 to 105,500. If broken, watch for 106,500.
For southbound positions, the reference point is between 110,000 and 109,500 to short, with a defense at 109,000 and a stop loss of 500 points, targeting 108,000 to 107,000. If broken, watch for 106,000.
Specific operations should be based on real-time market data. For more information, please consult the author. There may be a delay in article publication; this advice is for reference only, and risks are borne by the reader.
