4.17 Zhang Lihui: Is the U-shaped transition of Bitcoin breaking down looking at a big rise? How far can long positions below 83300 hold? Today's (BTC) market analysis and trading reference! #MichaelSaylor暗示增持BTC #BTC #BTC走势分析 #BTC☀ $BTC

Recently, most of the fans who added me are in losing trades for several reasons, one of which is that they choose to mindlessly chase the rise and kill the fall during a one-sided decline or rise. They enter the market with just a few hundred points away from the previous high or low, opening positions without any basis. Everyone should understand one attribute of Bitcoin: what is the normal daily fluctuation range? If there is excessive decline or excessive rise, do not be too aggressive!

Continuing to look at the K-line, it has repeatedly tested the support points of EMA120, EMA80, and EMA60 during the day, forming a rebound. This is also the second entry opportunity given in Lihui's article yesterday. This three-line position is also the bottom of the M-shaped structure of the previous trend, which may produce a new round of U-shaped transition pattern; the K-line rebounded as expected in the evening to the current 4-hour middle track, having touched the first target of the article 84800; if it faces pressure again in the short term and falls back, then the support below today can consider entering at the middle track and the positions of EMA30 and EMA180; the defensive position is still at the positions of the three lines EMA120, EMA80, and EMA60, while the upper level is still set at the previous high and the upper band of the Bollinger Bands; specific exit opportunities can be based on the strength of the market stretch, and can also pay attention to whether the fast and slow lines successfully converge to enter short positions!

At the daily level, as Lihui said before, the upper level can still pay attention to the EMA180 and EMA60 (85800-86150) range as the first resistance, which also coincides with the upper track of the 4-hour and EMA300! If it breaks, we can continue to look at the EMA120 and EMA80 range (87550-87200); clearly, shorting in these two ranges is also relatively reasonable! No matter how the market goes, managing stop losses is key, and we cannot rule out the possibility of a strong rally!

$ Recommended long entry point one: 84500-84000; stop loss below 83800; target 85800-86200; if it breaks the previous high, you can continue to hold above 87200;

Recommended long entry point two: below 83300; stop loss 82900; target remains the same! If there is extreme loss, adjustments can be made in real-time according to Lihui!

So, the best position to short must be above 87200, and specific entry opportunities need to be based on the strength of the market stretch. If it stretches slowly, you can refer to the first resistance of the EMA180 and EMA60 (85800-86150) range, with a target of over 2000 that can be pocketed freely!