Crypto Circle Scholar: April 21 Bitcoin Precisely Hits the Peak Again! How Should We Strategize After the Major Players' Covert Operations?
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The current price of Bitcoin is 85,000. It is now just after 3 AM Beijing time. Yesterday's headline was already eye-catching enough, right? A reminder for everyone to head south above 85,000. Finally, it reached 84,000, and short-term indicators showed overselling. I directly reminded everyone in my social circle to run quickly. Everyone has run, right? Congratulations to the crypto friends who kept up. Generally, when major players push the price up to sell, there are obvious fluctuations. This wave entering oversold territory and then rebounding indicates that what needed to be sold has been sold. What remains is a slow upward trend,
The daily candlestick just happened to retest the EMA30 trend support point at 84,000. Short-term support is effective, with the highest point at 85,300. If this trend continues, the short-term will still be a sideways trend, with room for movement both up and down, so the entry point is crucial. The MACD has been continuously expanding, but the candlestick is diverging, causing the DIF to break the 0 axis and move upwards, while the DEA is still below the 0 axis. This is a typical polarized sideways market. The Bollinger Bands are in a sideways candlestick without retracing to the middle track, indicating strong short-term support below, and the sideways box continues.
The four-hour candlestick retested the EMA60 trend line at 84,000 and began to correct. It has now reached the EMA30 resistance level at 84,500. The box trend is extremely narrow, fluctuating around 500 points. The MACD has continuously contracted with a top divergence trend entering a key interval. The lower track support of the Bollinger Bands is at 84,100. The short-term sideways trend has basically taken shape. Those who have not entered can wait for the trend to develop further before deciding. For those who have entered, take this opportunity to hone your mindset.
Short-term strategy reference: The market is not 100%, so always set a stop loss. Safety comes first; small losses with big gains are the goal.
Northern trial entry point 83,500 to 83,000, defense at 82,500, stop loss at 500 points, target at 84,500 to 85,000, breakout target at 85,500 to 86,000.
Southern trial entry point 85,500 to 86,000, defense at 86,500, stop loss at 500 points, target at 85,000 to 84,000, breakout target at 83,500 to 83,000.
Specific operations should be based on real-time market data. For more information, please consult the author. The article may have a delay in publication, so it is advised to be for reference only and the risk is borne by the reader. $BTC