Crypto Circle Scholar: Last Adjustment Opportunity for Long Bitcoin Positions at 8.4! Seeking Dragons Up North! Latest Market Analysis and Reference Suggestions
Current Bitcoin Price 114000, it's 2 AM Beijing time, the pullback stretch has not yet reached the key resistance level. The highest point of the previous day's K-line was 114200, and the lowest was 111850. The upper resistance can refer to the EMA30 trend line at 115000. After the main force broke below the 0.786 split line, it returned above the split line, indicating that there is still a possibility for continued bullish stretching. The MACD shrinking volume has started to decrease, bullish momentum is strengthening, and the DIF and DEA are approaching the 0 axis. After the Bollinger Bands opened and expanded, the K-line returned to the Bollinger Band channel, paying attention to the lower support at 113500,
The four-hour K-line has currently returned to the bottom of the trend indicator. The EMA trend indicator's downward alternating expansion has not yet ended. The MACD has started to increase volume, and a golden cross has formed at the bottom for the DIF and DEA. The downward trend of the Bollinger Bands remains unchanged, with the upper pressure level at 117200. The K-line has reached the middle of the Bollinger Band at 114300, paying attention to the lower support at 111000. There is still upward space available. After the coin friends who chased the long position the day before yesterday adjusted their positions, the current average price has reached 114000, allowing for an exit from the loss. Staying in cash for opportunities is the safest approach.
Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first, small losses and large gains are the goal, especially when breaking key resistance and support levels; stopping losses is still necessary, do not hold on to losing positions.
Northern trial position points 111500 to 111000, defense at 110500, stop-loss 500 points, target looking at 112500 to 113500, breaking level looking at 114500 to 115500.
Southern trial position points 115500 to 116000, defense at 116500, stop-loss 500 points, target looking at 114000 to 113500, breaking level looking at 113000 to 112500.
Specific operations are based on real-time market data. For more information details, you can consult the author. There may be delays in article publication; suggestions are for reference only, risk is borne by the individual. $BTC