4.2 Wednesday Morning Bitcoin Operation Analysis

The road to success is not crowded, because there are not many who can persist to the end. When you want to give up, please tell yourself to hold on a little longer, because often just this little bit of persistence brings you one step closer to your dreams.

Last night, Bitcoin still exhibited a pattern of opening low and rising high. Has anyone noticed that it has been this pattern for two consecutive nights? The US stock market opened with a drop followed by a rise. Bitcoin adjusted to around 82,500 after opening. We successfully profited 1,300 points from our short position held for a day, and then it quickly surged to a high of around 85,600. Hongshen also provided a short position suggestion around 85,500 during the process, and I am still holding my short position.

From the current Bitcoin market perspective, the four-hour level shows a five consecutive bullish candlestick pattern breaking through the upper Bollinger Band but facing pressure. The price has not successfully broken through the key resistance level of 85,500, which indicates that the upward space may be limited in the short term. Meanwhile, the MACD indicator's fast and slow lines have slipped below the zero axis, and the bullish momentum is gradually dissipating. Under this condition of insufficient volume, the bearish side is in a state of being ready to take action, so we will maintain a high short strategy during the day.

Operation Suggestions

Short around 85,500 Target 83,500

Break 82,500