Crypto Circle Scholar: 4.20 Bitcoin Top Accumulation, Clear Signs of Price Manipulation, Have You Entered While Heading South? Latest Market Analysis Reference
The current price of Bitcoin is 85000. It is now 2 AM Beijing time. Have you entered above 85000? Many fans have privately entered, but the range given by the fans is not large. As always, we plan our trades before the market opens, and during the market, we just need to execute our plan. The rest is to exchange time for space, holding patiently until the market settles.
The daily candlestick chart shows a high of 85600 and a low of 84300, which is a typical top accumulation. There is a high probability that the main force is pushing the price up for selling, so at this time, don't doubt your system execution. The EMA trend indicator shows contraction, with the EMA30 support point at 83900 and the EMA15 support point still at 83600. It is expected that after the main force sells, it will test the key support points. We can take this opportunity as an exit point. The MACD shows a decrease in volume but the candlestick divergence indicates strong resistance above. The Bollinger Bands remain in a sideways trend, and the KDJ could form a golden cross at any time, not excluding the possibility of the main force manipulating the price.
The four-hour candlestick chart shows a long upper shadow, indicating a sign of price manipulation for selling. It is now near the EMA15 trend line and has already broken below the EMA15. The next support point to watch is the EMA120 at 83500. The MACD continues to show volume but the candlestick is moving lower, indicating a clear turning point. A short position is effective and can be held. The upper Bollinger Band at 85300 has broken slightly and is retracing to the middle band at 83650. The lower band is focused on 84000 as support, with a short-term focus on short positions and not considering long positions for now.
Short-term Strategy Reference: The market is never 100%, so always set your stop-loss. Safety first; small losses and big profits are the goal.
For Northern Entry Point: 83500 to 83000, with a defense at 82500, stop-loss of 500 points, target at 84500 to 85000, and if broken, look at 85500 to 86000.
For Southern Entry Point: 85500 to 86000, with a defense at 86500, stop-loss of 500 points, target at 85000 to 84000, and if broken, look at 83500 to 83000.
Specific operations should rely on real-time market data. For more detailed information, you can consult the author. There may be delays in article publication, so it is recommended for reference only. Risk is borne by the individual. $BTC