Hello everyone! Welcome to today's morning review. This is Jiaoshou's trend analysis. We update BTC trend analysis every day and look forward to your likes and attention!
1. K-line pattern analysis
From the chart, we can see that BTC has some signs of rebound in today's trend. The specific data are as follows:
Opening price: 58,090 USDT
Highest price: 60,479 USDT
Lowest price: 57,774 USDT
Closing price: 60,479 USDT
Today's K-line pattern is a large positive line, showing an obvious upward trend and breaking through the suppression of multiple short-term moving averages. Market sentiment has improved to a certain extent.
2. Technical indicator analysis
Moving Average (MA)
MA(5): 59,148 USDT
MA(10): 58,414 USDT
Bollinger Bands
Upper limit: 61,857 USDT
Middle track: 60,234 USDT
Lower track: 58,619 USDT
Volume
Today's trading volume has increased significantly, showing that the bulls have a strong willingness to enter the market at this position, providing support for further price increases.
3. Price trend analysis
Combining the K-line pattern and technical indicators, the future price trend of BTC may be as follows:
Continue to rise
If the price can continue to stay above 60,000 USDT and break through the upper resistance level of 61,857 USDT, BTC may rise further, with the target around 65,000 USDT.
Short-term pullback
If the price encounters resistance and falls back near 61,857 USDT, it may retest the support level of 60,000 USDT. If the support is valid, it is still expected to continue to rise; otherwise, it may return to around 58,000 USDT to seek stronger support.
4. Specific Operation Suggestions
Do more points
Long position 1: Observe whether it can stabilize and continue to rise near 60,000 USDT. If it can stabilize, you can consider going long with the target at 61,857 USDT and the stop loss set below 59,500 USDT.
Long position 2: If the price breaks through 61,857 USDT and stabilizes, you can consider adding long positions, with the target at 65,000 USDT and the stop loss set below 61,000 USDT.
Short position
Short position 1: If the price encounters resistance and falls back at 61,857 USDT and falls below 60,000 USDT, you can consider shorting with the target at 58,000 USDT and the stop loss set above 60,500 USDT.
