Cryptocurrency Expert: 6.25 Bitcoin Four-Hour V-Shape Overbought at High Position, Short-Term Reversal is Blood-Soaked! Latest Market Analysis and Operational Suggestions
Current Bitcoin price is 106000, and it is currently one thirty in the morning Beijing time. Let's first review yesterday's practical shortcomings; we exited half of our position at 102300 when it fell below the 100000 mark, with the remaining portion stopped out at 102800. The daily level has broken the Fibonacci retracement level of 0.786 resistance at 103900 without signs of a pullback, indicating that the bulls will continue to push upward in the short term. Do not chase a rapidly rising market, wait for a pullback; if the main force pulls back to 0.786, then consider moving north again. Previously, it was advised to wait and see, do not chase highs or panic sell.
Before this publication, the daily K-line reached a maximum of 106300 and a minimum of 104600, forming a flag pattern at the daily level, having gone through four waves in succession; the fifth wave has yet to take shape. Pay attention to the trend line resistance at 109000 above; after that, a southward trial position could be considered. The low point of the daily K-line coincides with the intersection of the EMA15 and 30 trends, with the main force using this as a standing point to stretch upwards. MACD is decreasing in volume, and DIF and DEA have just fallen into the 0 axis and begun to contract. The daily K-line has broken the middle band of the Bollinger Bands at 105400, initiating a short-term bullish trend; aggressive traders may chase long positions, while conservative traders should wait for pullback support before acting or wait for a stretch to the key resistance level before moving south.
The four-hour K-line has reached the short-term trend pressure level near 106500. It can be seen that the current V-shaped transition has reached a high position; if there is no effective breakthrough of the V-shape pressure level in the short term, the short-term bulls will experience a reversal. The EMA trend indicator is contracting, and the K-line is diverging from the trend indicator, entering an extremely overbought condition in the short term. MACD continues to expand in volume, and DIF and DEA are beginning to push upwards towards the 0 axis. Currently, it is only a bipolar stage, where the fast line has broken the slow line but not yet. Additionally, the upper Bollinger Band resistance level at 106800 has been tested repeatedly without breaking, indicating effective resistance above. Interested friends can try a position southward above 106500.
Short-term reference:
For southward trial positions, 106500 to 107000 without breaking, stop loss at 500 points, target at 1055000 to 105000, break below look at 104500,
For northward reference points, 106500 to 107000 break below, stop loss at 500 points, target at 107500 to 108000, break above look at 108500,
Specific operations should be based on real-time market data; for more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and the risk is borne by the user. $BTC