Crypto Circle Scholar: 8.5 Bitcoin shorts dominate, what conditions must bulls meet to break through? Latest market analysis and operational advice analysis
Bitcoin current price 115400, it is now 2 AM Beijing time, let me ask first, has everyone gone south? The main force has stretched to the resistance level of the trend indicator EMA15 near 115900, yesterday's idea of 115500 as the first stop south has been reached, and the rest is to defend well and carry the stop loss, leaving it to time, as per the old rule, if correct, hold, if wrong, exit, do not resist the position, only profit within the realm of understanding
As of the time of writing, the highest daily K-line is 115700, after a brief break through the golden ratio line 786, the K-line has pulled back to hit the trend top resistance level of 115950, MACD has reduced in volume, DIF and DEA are hovering above the 0 axis, and the Bollinger Bands continue to open downward, with the K-line pulling up from the lower rail 113200. Pay attention to the middle rail resistance level of 117200; if the middle rail does not break, the idea of going south still holds. If it breaks, we need to consider whether the direction has turned bullish
The four-hour K-line has reached the upper rail resistance level of the Bollinger Bands at 115500, and the current price is blocked at this point, so going south is effective. The EMA trend indicator has shown a downward alternating expansion trend with contraction appearing. The MACD is increasing in volume, indicating that the main force is starting to warm up in the short term, but DIF and DEA are still below the 0 axis, indicating that the shorts still dominate. If the upper resistance level of 117200 is not broken, the overall trend remains unchanged, temporarily focusing on going south, while waiting for opportunities to go north
Short-term strategy reference: The market is never 100% certain, so always carry good stop losses; safety first, small losses with large profits is the goal, especially when key resistance and support levels are broken, one must stop loss and not resist the position
Northward trial entry point 111500 to 111000, defense at 110500, stop loss 500 points, target looking at 112500 to 113500, break level looking at 114500 to 115500
Southward trial entry point 115500 to 116000, defense at 116500, stop loss 500 points, target looking at 114000 to 113500, break level looking at 113000 to 112500
Specific operations should be based on real-time data from the market; for more detailed information, you can consult the author. The article has a delay in publication, suggestions are for reference only, risk is borne by oneself
