Cryptocurrency Expert: The weekly divergence of Bitcoin at 6.2 has formed! The bearish momentum has not yet been fully released! Latest market analysis reference
Current Bitcoin price is 105100, it is now 1:30 AM Beijing time, the market has reached a high position, and it can start to test positions downwards. Many crypto friends privately ask whether to go long at this position? I am speechless, what kind of mindset is it to go long at a resistance level? Why are so many people in this market fond of chasing highs and cutting lows? Trading is actually not difficult; going short at resistance and going long at support is a very common trading model,
The daily candlestick highest is 105300, the lowest is 103750, after the candlestick stands at the 0.786 Fibonacci support line, a small range rebound begins, indicating that the main force wants to break below the Fibonacci line but lacks the momentum, it is expected to consolidate and gather strength above, or be cautious. The MACD continues to contract and accumulate, the bearish momentum remains strong, the DIF and DEA are opening downward at a high position and impacting the 0 axis line, after the Bollinger Bands contract, the middle track resistance level has risen to 106400, the lower track support to watch is 101500, the consolidation and adjustment upwards of a few hundred points has little impact, the trend remains bearish unless it breaks the middle track
The four-hour candlestick has a short-term rebound demand, pay attention to the EMA60 trend resistance level of 106300, if the resistance is broken, the bears can consider stopping losses, before that, positions can be tested. The MACD continues to expand, indicating a clear short-term rebound, the DIF and DEA at a low position have not expanded, the candlestick has currently broken the middle track of the Bollinger Bands at 104800, the upper track has moved down to 106600, in terms of trend, waiting to stretch a bit for stability is also okay,
Short-term reference: the market is not 100% certain, so be sure to set good stop losses, safety first, small losses and big profits are the goal
Upward test position 101500 to 101000 long, stop loss at 100500, stop loss 500 points, target at 102500 to 103500, if it breaks, watch 104500,
Downward reference point 105500 to 106000 short, stop loss at 106500, stop loss 500 points, target at 104000 to 103000, if it breaks, watch 102000,
Specific operations are based on real-time data from the market, for more information details can be consulted with the author, the article has a delay in publication, suggestions are for reference only, risk is self-responsibility $BTC