Latest Bitcoin Operating Guide! You will be able to do it after reading
The current price of Bitcoin is $103,570, down 4.49% in the last 24 hours. The highest was $108,398 and the lowest was $102,614 during this period, with over 250,000 Bitcoins traded, totaling more than $27.5 billion.
Key indicators in simple terms
Bollinger Bands: Middle band ($106,274), upper band ($111,002), lower band ($101,547). The price is currently below the middle band, indicating a downward trend. If it can bounce and break through the middle band, it may rise; if it breaks below the lower band, it will definitely fall.
Volume Moving Average (MA5/MA10): Indicates buying and selling heat. If volume continues to increase + price rises, it's a buy signal; if volume decreases + price falls, don't try to catch the bottom.
MACD: Currently showing green bars, indicating strong bearishness. If the green bars shorten and the DIF line crosses above the DEA line (golden cross), then buy; conversely (death cross), sell.
RSI: Value at 35.4, below 50 indicating a downward trend, but approaching oversold (below 30), a rebound may occur.
KDJ: Watch for golden and death crosses; if J value is low and shows signs of rebound, it’s a good opportunity, and add to your position on a golden cross.
How to operate in the next 7 days (with prices!)
Short-term is bearish but nearing oversold, monitor these two prices:
Buy signal: Price breaks above the Bollinger middle band at $106,274, simultaneously MACD green bars shorten, KDJ golden cross, quickly add to your position, target upper band at $111,002.
Sell signal: Price drops below the lower band at $101,547, regardless of profit or loss, clear your positions immediately, don’t get trapped!
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