3.3 Crypto Circle Mr. Coin: Bitcoin (BTC) Market Analysis and Strategy Reference

 

Bitcoin continued its upward trend yesterday, with a price increase of nearly ten thousand points. Influenced by news, it strongly broke through multiple resistance levels. As of now, it has reached a high near 95,000, and the overall market is continuously warming up. Today's market has entered an adjustment phase,

On the daily chart, a large candlestick has broken through the Bollinger middle axis, and the market is continuously testing upward to break through heavy resistance. The situation has improved, with bulls reclaiming lost ground. The attached MACD on the daily chart remains below the zero axis, showing no obvious signs of strengthening, and the fast and slow lines continue to diverge downwards. The EMA7 (90,310) provides support below the price, while EMA30 and EMA120 are above it, creating pressure on the current market. The price is currently operating above the five-day and ten-day moving averages. Although the short-term daily increase is not strong, the upward trend is quite evident. The focus moving forward is on the stability around the 95,000 level. If the market can successfully break through, the price is expected to move upward.

On the short-term hourly chart, the Bollinger Bands are opening, with a tendency to move upwards, and all moving averages maintain an upward posture. The market has entered a rhythm of oscillating upwards, and the trend has not broken down again. Therefore, it is not recommended to blindly chase the increase; be cautious of the market being pressured down to support levels. A stable approach would be to buy on dips, with light short positions at high levels,

 

3.3 Bitcoin Short-term Reference:

Light short positions at 95,300-95,800, stop-loss at 98,800, take profit: 500, target below 94,000,

Long positions at 92,000-91,500, stop-loss at 90,500, take profit: 500, target above 93,000,

 

 

3.3 Ethereum Short-term Reference:

Short positions: 2,530-2,480 short, stop-loss at 2,650, take profit: 2,680, target below 2,410,

Long positions focus on the 2,380-2,330 range, stop-loss 50 points, target above 2,430,

 

The message may be delayed, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, take profit and stop-loss must be managed properly to secure gains.