April 24: Bitcoin moving north touches the 95K line: Will the temporary adjustment continue to move north?
The daily level closes with a doji candlestick: In the short term, there is a tug-of-war between bulls and bears with Bitcoin, as the southern forces want to defend the 94.5K level against the northern forces. If the northern forces establish a position here, they will likely continue to push upwards to the 98.5K line. However, if the northern forces cannot effectively break and hold the 94.5K level, there is a risk of the southern forces gaining momentum and forming a 'Evening Star' pattern at the upper Bollinger Band on the daily level. The key area to watch below is the 91.3-91.5K range, where the main players will likely consolidate to continue accumulating positions until there is enough capital to choose a direction. Intraday, one can sell high and buy low in both north and south directions.
Intraday trading thoughts
Short south at 93800: Risk control at 540 points: Target 800 points: If the southern downward force is strong later, it can be held.
Short south at 94800: Risk control at 750 points: Target 1500-2000 points.
Long north at 92500, buy at 91500: Risk control at 1000 points: Target above 2000 points.
The perfection of trading practice is not about conquering the market, but about finally understanding yourself. May every one who travels in the market be able to sediment wisdom in fluctuations and meet tranquility in time. 🌱
