4.20 Zhang Lihui: Is Bitcoin about to break out of the range and drop to 81,000? Be cautious when chasing long positions at high levels! Today's (BTC) market analysis and trading reference! #特朗普施压鲍威尔 #BTC #BTC走势分析 #BTC☀ #BTC🔥🔥🔥🔥🔥 $BTC
Bitcoin is still unable to break out of the sideways predicament and remains in a high-level accumulation phase. Those with short positions need to be patient; the 4-hour Bollinger Bands are opening up, with the lower band moving down below yesterday's low and approaching the EMA120, EMA80, EMA60 three-line positions that have been continuously rising. The market gives an illusion of oscillating upward. Remember, do not attempt to chase long positions at high levels. Do not chase long positions unless there is a significant pullback in the market. You can still consider shorting at high-level resistance during a pullback. In the current level, pay attention to the resistance levels at EMA300 and MA380 above, while looking at the breakout situation of EMA30 and EMA220 below. If the bottom breaks, continue to monitor the EMA120, EMA80, EMA60 three-line positions; because the volume above the 0-axis is relatively weak, Lihui believes there is a possibility of a significant sell-off after the short-term main force raises the price again.
On the daily level, the market has not been able to break the dual resistance of EMA180 and EMA60 above for several days, with the bottom supported by the midline and EMA30. After breaking, the focus above can be on the EMA120 and EMA80 range, which is also the position for replenishing short positions. The market is currently continuing to decline and can be adjusted at any time. After breaking below, you can see the EMA300 and the lower band (81,000) position. Lihui believes that the probability of a major bearish market next week is very high, and the high level's reluctance to break is definitely suspicious!
Recommended short entry point 1: above 85,200; target 84,500-84,000; if it breaks 83,900-83,600, hold until 82,900;
Recommended short entry point 2: above 86,000; replenish at 87,000-87,400; stop loss at 87,600; target 2,000-3,000 can be adjusted freely!
For long positions, you need to continue to look for effective support at 84,000 and EMA120, EMA80, EMA60 three lines to enter. The weekend market target can look at 600-800 points to take profit freely!
The specific entry opportunities for the above points can be based on Lihui's real-time notifications! There may be delays in article review and push notifications, and the market is ever-changing. Specific entry opportunities must be combined with real-time operations, based on real-time notifications, and the article's suggested points are for reference only. Do not operate with heavy positions, and please set profit and stop-loss orders when entering. Take profits when you see good results!