Crypto Circle Academician: 6.5 Head and Shoulders Bottom Pattern? How Much Deeper Will Bitcoin Fall? Non-Farm Countdown! Latest Market Analysis Reference
The current price of Bitcoin is 105500, and it is now 1:30 AM Beijing time. The southbound position is still held. As for the position, everyone can review the previous articles. This round of non-farm data is likely to be bearish, but before that, we must still be prepared for the worst. After all, in trading, having a dedicated heart and two hands prepared is necessary. Safety is no small matter. We can strictly execute the trading plan we made before the market opens 100% during the trading session.
The daily K-line highest is 106000, the lowest is 104150, EMA15 continues to form strong pressure at 108550, EMA30 support remains unchanged around 103900. From the trend, we can see that the fast and slow lines are contracting. The MACD continuous shrinkage indicates that the large-level top divergence trend has not ended. The DIF and DEA are very close to the 0 axis line, and the Bollinger Bands are horizontal, with the middle track still around 106700. The lower track has stretched to 102300. The top pressure level is narrowing, and the bottom support needs to be larger according to the current price space, so the southbound thinking remains unchanged, continue to hold.
The four-hour K-line has rebounded to the trend indicator after retracing to the support of the rising trend line at 104200. The EMA trend indicator continues to contract. The market is still in a process of fluctuating slowly upwards. The MACD volume has decreased, and the DIF and DEA are contracting. The bullish momentum is noticeably weakened. The Bollinger Bands are horizontal and contracting. Pay attention to the upper track at 106400 and the lower track at 104000. In terms of thinking, the bears have a certain advantage, but the defensive and stop-loss positions are essential.
Short-term reference: The market is not 100% certain, so be sure to manage stop losses. Safety comes first; small losses with big gains are the goal.
Northbound testing point 102000 to 101500 long positions, defense at 101000, stop loss 500 points, target looking at 103000 to 104000, breaking point looking at 104500,
Southbound reference point 106000 to 106500 short positions, defense at 107000, stop loss 500 points, target looking at 105000 to 104000, breaking point looking at 103000,
Specific operations are based on real-time market data. For more information, please consult the author. The article is published with a delay, and it is recommended for reference only. Risk is borne by oneself.
