Crypto Circle Academician: The major bullish trend of Bitcoin at 12.13 remains unchanged, can short positions bring you profit in the short term?

The current price of Bitcoin is 100888, and it is now three o'clock in the morning Beijing time. Let's review it first. Yesterday, I entered at 97800 and took profit at 101500, making a profit of 3700 points. This is real-time data; everyone can review yesterday's article. So where is the new entry point? It's near the 100,000 mark, which is also a major neckline. Bitcoin is oscillating between five and six digits, exhausting the patience of the market. When you lose patience, that's when the main force continues to exert pressure.

The daily candlestick chart broke the highest point of 102500, and is now starting to retrace to the vicinity of the 100,000 mark. The EMA15 trend line has continued to rise and has reached 97850. The trend indicators show no signs of contraction, MACD is increasing with volume, and both DIF and DEA are still forming a divergence trend at a high level. The Bollinger Bands are squeezing sideways, with the upper band stopping at 102100, the middle band focusing on 97350, and the lower band referencing 92500. Compared to the historical high-pressure levels, the bottom has more space to the key support. Be prepared for both scenarios: a breakout above the historical high can be a short position, and after a retracement and breaking the previous low, consider entering long positions.

The four-hour candlestick chart is consolidating above 100,000. The EMA15 has reached 99800, focusing on the next trend support point EMA30 support point at 99200. If it breaks below 30, long positions can be stopped out. If it doesn’t break, you can enter and try a position. The MACD is in a phase of increasing volume, with both DIF and DEA entering a high position on the 0 axis line. The Bollinger Bands are consolidating; after failing to break the upper band of 102500, it has pulled back. Pay attention to the middle band support at 98600. The KDJ is turning down, indicating a trend of death cross diffusion, showing a clear bearish momentum, but the major trend is bullish. This bearish momentum should be treated as a trap for shorts. Aggressive traders can enter at the current price but must set good stop-losses and not hold positions for too long. Generally, for short positions, if it breaks below the 100,000 mark by 500 to 1000 points, it's best to take profits. After the retracement ends, focus on longs.

Short-term strategy reference:

Short at the upper range of 102000 to 102500, with a stop loss at 103000, 500 points stop loss, targeting 101000 to 100000, and if it breaks, look at 99500.

Long at the lower range of 98500 to 98000, with a stop loss at 97500, 500 points stop loss, targeting 99500 to 100000, and if it breaks, look at 101000.

I am a warrior who has always protected the retail investors. I wish my fans financial freedom in 2024, let’s work hard together! $BTC #比特币行情分析 #BTC合约