GM☀️ Good morning! I am Oupeng. Today is March 24, 2025. Let's talk about the trend of BTC in the morning and evaluate the market trend. As usual, I will first share today's buy and sell points, followed by a detailed analysis of the current market situation for your reference.
Long entry point one: 85000 USDT (integer point support, and near the low point of the previous segment, combined with the support of EMA30 (84489.30), which has strong buying attraction).
Long entry point two: 84000 USDT (integer point support, and a lower point of the previous segment, combined with the long-term support of EMA120 (85223.53), providing a stronger buying opportunity).
Long stop-loss point: 83500 USDT (500 USDT below the second buying point, below the previous low of 83625.1, ensuring that the stop-loss level will not be triggered by short-term fluctuations while controlling risk).
Sell (short) point one: 87000 USDT (integer point pressure, and an extension of the recent high point of 86641.13, combined with RSI nearing the overbought area, providing an initial selling opportunity).
Sell (short) point two: 88000 USDT (integer point pressure, and near the previous high point of the segment, combined with the slowing MACD momentum, providing a higher selling point).
Short selling stop-loss point: 88500 USDT (500 USDT above the second sell point, higher than the previous high of 86641.13, ensuring that the stop-loss level will not be triggered by short-term fluctuations while controlling risk).
Next, let's analyze the K-line and three common indicators:
[Price Trend Analysis]
K-line Pattern:
Recently, the price has shown a trend of oscillating upwards at the 4-hour level, especially in the K-line on March 24, 2025, at 08:00, when the price broke through the previous high of 86641.13 but then fell back to 85985.31, indicating some selling pressure.
At the 1-hour level, the price experienced a rapid rise between 07:00 and 08:00 on March 24, 2025, reaching a high of 86641.13, but then quickly fell back, forming a K-line with a long upper shadow, indicating significant selling pressure in the short term.
Technical Indicators:
At the 4-hour level, the MACD line (DIF) and the signal line (DEA) are both in the positive area, and the MACD histogram continues to expand, indicating that the current market is still in a bullish trend. However, the slope of the MACD line has slowed down, suggesting that the upward momentum may weaken.
At the 4-hour level, the RSI (14) is currently at 65.18, close to the overbought area but not yet entered, indicating that there is still room for the market to rise, but caution is needed for the risk of overbought pullbacks.
At the 4-hour level, the price is currently above EMA7 (85246.74) and EMA30 (84489.30), and EMA7 has crossed above EMA30, indicating that both short-term and medium-term trends are bullish.
At the 4-hour level, the trading volume at 04:00 on March 24, 2025, significantly expanded to 2005, followed by a rapid increase in price, indicating strong buying power.
At the 1-hour level, the trading volumes between 07:00 and 08:00 on March 24, 2025, were 889 and 1227, accompanied by a rapid price rise, showing high market participation, but the subsequent decline also indicates significant selling pressure in the short term.
At the 4-hour level, we can focus on the trend of the next K-line; if it doesn't rise, there may be a slight decline before continuing to rise.
Overall trend is bullish.
(The strategy only represents personal opinion and is for reference only; the market is risky, and all-in can lead to liquidation!)
Finally, don't forget to click to follow and give a thumbs up! May 2025 bring you and me abundant wealth!
If you have any questions or need to discuss in depth, feel free to join my community where we can explore the market together and make better trading decisions!
Ten minutes a day, trading is very simple!
