Crypto Circle Scholar: The Bloody Romance Behind the Historical Bitcoin High of 5.23! Abandon your beliefs and face reality! Latest market analysis reference
Current Bitcoin price is 111,500, it is now 1 AM Beijing time. At the beginning of the article, let me say: whether it's spot or contracts, it's time to clear positions or lighten up. Abandon the so-called faith, after selling high in the spot market, just take a break and wait for the next wave of halving. The frequency of halving in the crypto circle will be very fast. Do not hold beliefs; first, survive. For contracts, this position is also no longer suitable for retail investors to enter. Back-and-forth liquidations are inevitable. No matter whether you choose long or short, you are in the liquidation queue. Remember, the fundamental of trading is survival.
Looking at the current market, influenced by the referendum, Bitcoin has once again created history. This wave of stretching is different from when Trump took office. The daily candlestick chart showed a high of 111,900 and a low of 109,000. The EMA15 trend support line has reached 105,000. The trend indicator's fast and slow lines are gradually widening, and the MACD top divergence continues. DIF and DEA are expanding upwards, with the volume increasing mainly from large players, while the presence of small retail investors is very rare. The upper Bollinger Band pressure level has reached 112,000, and the middle band has arrived at 103,000. These two positions can be focused on, as the market enters an extremely overbought state, with liquidation countdown.
The four-hour candlestick is consolidating above 110,000, waiting for the EMA15 trend support to stretch, which has reached 109,000 and is continuing to stretch. The MACD shows a top divergence, but don't rush; the bull stretch has not ended because the divergence has just begun. The market momentum is decreasing. Pay attention to the upper Bollinger Band at 112,500, the middle band at 108,000, and the lower band at 103,000. Under the influence of this level of trend, based on the principle of not entering when within a 10,000-point fluctuation, just wait for this.
Short-term reference: The market is not 100% certain, so always take good stop-loss measures. Safety first; small losses and big profits are the goal.
For northern entry reference, buy between 103,000 and 102,500, with a stop-loss at 101,000, 500 points stop-loss. Target at 104,500 to 105,500, with a breakout target at 106,500.
For southern reference, short between 112,500 and 113,000, with a stop-loss at 113,500, 500 points stop-loss. Target at 109,000 to 108,500, with a breakout target at 108,000.
Specific operations are based on real-time market data. For more detailed information, you can consult the author. The article has a delay in publication; suggestions are for reference only, and the risk is borne by yourself $BTC
