Crypto Circle Scholar: The Clash of Fear and Greed on 3.17: Bitcoin Faces Deadly Pressure at 85000! How to Seize Trading Opportunities
The current price of Bitcoin is 83600, and it is now 4 AM Beijing time. How much did everyone capture in yesterday's market? After falling below 83000 last night, many fans came to ask if they could short. My thought was to wait for a pullback above 82700 to short. As a result, just past midnight, it surged to 85000. Some people entered to short, while others hesitated due to fear, which is a result of not trusting the trading system. I often say to plan trades before the market, and trade plans during the market. If you are still hesitating at the predetermined levels, it indicates that your execution ability is insufficient.
Let's look at the current market situation. The daily K-line has a maximum of 85150 and a minimum of 82350. The main force is testing the pressure level above again, just hitting the EMA15 trend fast line pressure of 85000, indicating that shorts are effective and can be held. The double-needle top short indicator has appeared, MACD is expanding but momentum is insufficient. DIF and DEA are still at low levels and have not spread. The Bollinger Bands are showing contraction, but the K-line is blocked by the resistance at 85400, which was pushed down, with the lower space looking at the lower track at 78350, where the profit space exceeds 5000 points, which is another good trend trade.
The four-hour K-line pierced 85000, came to the EAM90 trend line, and then fell back to around EMA15, which is 83600, hovering around the bottom edge of the trend line and forming a long upper shadow. It cannot be ruled out that the main force is pulling high to offload. MACD is decreasing in volume, and DIF and DEA are indeed dead-crossing, impacting the 0 axis downwards. The Bollinger Bands are horizontal, and the K-line stretch will drop to the mid-track support point of 83300. Pay attention to the lower track key point of 80600, which can be used as an entry point for long positions, temporarily leaning towards short as a supplement, not too much.
Short-term thoughts reference: The market is not 100%, so always set a stop-loss; safety first, small losses and big profits are the goal.
For long positions, test positions from 81000 to 80000, defend at 79000, stop-loss 500 points, target looking at 78500 to 79500, break point looking at 80500 to 81500.
For short positions, test positions from 85000 to 85500, defend at 86000, stop-loss 500 points, target looking at 83000 to 82000, break point looking at 81500 to 81000.
I am a scholar in the crypto circle, a warrior who has always protected the investors. I wish my fans achieve financial freedom by 2025. Let's work hard together!