Crypto Circle Academician: Is the 8.7 Bitcoin breaking the Bollinger Bands a trap or a build-up? Latest market analysis and reference suggestions analysis
Current Bitcoin price is 115650, it is now 2:40 AM Beijing time. After going south to take profits, I didn't wait for the northward point. The main force did not form a double bottom at the bottom and began to retrace. Now it's up to the main force to give another opportunity to go south. As long as the K-line forms a double top structure at the previous high of 115800, one can try to go south; otherwise, one can take the opportunity to go north. Regardless of whether an opportunity is given, going south at 115500 this week has already gained several thousand points, and the remaining opportunities are just icing on the cake.
Before the article was published, the daily K-line reached a high of 115700 and a low of 113300. The K-line has currently broken the EMA15 trend line at 115600 and is now blocked at this position, continuously testing the support of the lower Fibonacci line at 0.786 of 112850. The support is effective with a decrease in MACD volume, and bullish momentum is increasing. DIF and DEA have reached the 0-axis line but are blocked from breaking downward. The K-line is below the middle of the Bollinger Bands at 115800. Overall, the trend can focus on whether the middle track can hold. If it holds, one can consider going south; if it can't, pay attention to the resistance point at the upper track of 120800 for going north.
The four-hour K-line has broken the EMA60 line at 115300 and is beginning to impact the upper pressure point of the trend indicator at 115650. After breaking, focus on the pressure point of the Fibonacci line at 0.236 of 117350. MACD has been continuously increasing. DIF and DEA are starting to break upward from below the 0-axis line. The main force has slightly broken the upper Bollinger band at 115555. Now the focus is on whether the trading range from 115500 to 115800 can form a hanging top line and hammer line as bearish indicators. As long as the indicators appear, one can try to go south; if the main force directly breaks the resistance point, one can also go north, targeting the pressure point of 117300.
Short-term strategy reference: The market is never 100% certain, so always set stop losses. Safety first; small losses and big gains are the goal.
Northward trial points at 114500 to 114000, defense at 113500, stop loss 500 points, target looking at 115000 to 115500, if broken, look at 116000 to 116500.
Southward trial points at 116500 to 117000, defense at 117300, stop loss 500 points, target looking at 116000 to 115500, if broken, look at 115000 to 114500.
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; suggestions are for reference only, and risks are to be borne by oneself.