Crypto Circle Scholar: Bitcoin's Slow Rise at 64,000 Hides Danger! Both bullish and bearish sentiments are just clouds; executing the plan is the true way! Latest market analysis reference
The current price of Bitcoin is 106,000; it is now 1:30 AM Beijing time. The original plan was to not adjust positions after breaking 106,400, and directly implement stop-loss. However, the short-term indicators show a slow rising market, which is usually accompanied by a sudden drop. Therefore, I chose to raise the average price of the short position to around 106,000 after adjusting the short position at 105,500. Regardless of whether the market is bullish or bearish, we just need to execute according to the plan within the system. As usual, we need to defend and move up the stop-loss a bit, leaving the rest to time.
Currently, the daily K-line has a high of 106,800 and a low of 104,850. The daily K-line is still blocked by the EMA15 trend line. After breaking it, it retraced to 106,000 and is now in sideways movement. The support point to watch is the EMA30 trend line at 103,800. After entering the market, don’t rush to clear all positions; be prepared for opportunities to continue moving down if swept out. The MACD shows a divergence trend continuation at the top, and the DIF and DEA are expanding downwards at a high level, which remains unchanged. The short-term bullish stretch is a normal situation of divergence. Pay attention to the middle track of the Bollinger Bands at 106,600, the lower track at 102,000, and the upper track is still above 110,000 as the second entry point for the southward movement.
The four-hour K-line has formed a wave trend moving upwards, completing five waves. It has now broken the EMA trend indicator and is at a high position. The MACD continues to expand, and the DIF and DEA are about to form polarization, entering high-level consolidation. The K-line has broken the upper track of the Bollinger Bands at 106,300 and has now returned to the Bollinger Bands channel, indicating that the upper pressure level is effectively empty and can be held. Just ensure proper defense and risk management; the rest can be left to time.
Short-term reference: The market is not 100%, so always ensure good stop-loss; safety first, small losses, and big profits is the goal.
Northern trial entry point: 102,000 to 101,500 long, defending at 101,000, stop-loss at 500 points, target at 103,000 to 104,000, break point at 104,500.
Southern reference point: 106,000 to 106,500 short, defending at 107,000, stop-loss at 500 points, target at 105,000 to 104,000, break point at 103,000.
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. There may be delays in article publication, so it is recommended for reference only; risks are borne by oneself. $BTC