Crypto Circle Academician: The 6.8 trend line pullback has been confirmed! Bitcoin's "fluctuating leap" supports the next round of "thousand-point" frenzy! Latest market analysis reference
The current price of Bitcoin is 105400, it is now 1:30 AM Beijing time, the southward movement is a trial position, as long as the main force does not break the previous high resistance area of 106600 to 107200, it can be held; if it breaks, consideration must be given to whether to stop loss and exit. Some coin friends commented that I have been giving southward ideas recently, which is indeed correct. It’s just that previously when I was northbound at 78000, 85000, and 92000, it was also systematic; at that time, the northward movement was due to the head and shoulders bottom, now the southward movement is due to the head and shoulders top.
The daily K-line reached a maximum of 105800 and a minimum of 103900. The EMA trend indicator has pulled back and stretched from the 100000 level, breaking above 105000 and also breaking the EMA15 trend quick line pressure level. The short-term has recovered for two consecutive days; pay attention to the right shoulder high point of 106800. If it does not break, it can adjust the position to pull the average price, but if it breaks, consideration must be given to exiting. The MACD has been continuously reducing volume, but the DIF and DEA are still above the 0 axis line. Before breaking the 0 axis line downwards, the bulls have continued stretching momentum, so one red heart is ready for both hands. Currently, the K-line has already come to the lower part of the Bollinger Bands middle track, paying attention to the middle track pressure level of 106500 and the lower track support level of 101900.
The four-hour K-line has risen above the EMA trend indicator and has also reached the trend line pressure level of 105500. The southward movement is effective, with MACD continuously increasing volume and accumulating funds. The DIF and DEA are forming two levels of weathering, indicating that the market will form a clear pressure consolidation area here. Pay attention to the upper track of the Bollinger Bands at 106600 and the lower track at 102000. The overall long and short range has been found, and opportunities for southward movement have arrived. Just ensure good stop-loss execution. As for northward movement, consider it after the support is reached.
Short-term reference: The market is not 100% guaranteed, so always ensure good stop-loss safety first. Small losses with big gains are the goal.
Northward trial position: 102000 to 101000, defend at 100000, stop loss at 500 points, target at 103000 to 104000, break point at 105000.
Southward reference point: 105000 to 106000, defend at 107000, stop loss at 500 points, target at 104000 to 103000, break point at 102000.
Specific operations should be based on real-time data from the market. For more information, please consult the author. There may be delays in article publication; it is recommended for reference only and risks are borne by oneself.
