Crypto Circle Academician: Major Divergence at 6.9 Suppresses Bitcoin's Rebound! Is Bitcoin Welcoming the 'Golden Layout'? Latest Market Analysis Reference
The current price of Bitcoin is 106,300. It is now 1:30 AM Beijing time. The specific trading record has been updated, and crypto friends are welcome to check it. After entering the market southbound, many crypto friends said that 105,200 was too aggressive. From 100,000 to now, there has been a 6,000 point space that was not captured. Instead, entering southbound at 105,200, the market transitioned to a V-shape and reached the trading range. What needs to be done still needs to be done. Just ensure proper defense and set stop-losses, and leave the rest to time.
Before sending this out, the daily K-line's highest was 106,320 and the lowest was 105,000. The daily K-line has reached above the EMA trend indicator. The left shoulder of the head and shoulders pattern took 9 days to form, and today is the ninth day for the right shoulder. Let's see if it can challenge the previous high of 106,800. Once the right shoulder is formed, it will create a relatively dense chip exchange area, so be prepared for adjustments. After adjusting, ensure stop-losses are in place; safety first. The MACD large-scale top divergence continues, with volume decreasing. The DIF and DEA are contracting at the 0 axis, indicating bullish rebound. The Bollinger Bands are moving sideways, and the K-line is blocked at the middle track of 106,600. The fluctuation range exceeds 5,000 points up and down, so if the key resistance is broken, consider leaving the market.
The four-hour K-line has stretched and broken the EMA trend indicator, standing at a high position. There is still some distance to the downward trend line. The MACD's continuous volume increase in bullish momentum is not very obvious, and the DIF and DEA have not broken the energy indicator. The upper track of the Bollinger Bands has stretched to 107,200. According to the current four-hour market trend, if the upper track is broken, there is no need to adjust the positions. Before that, one can adjust to move the southbound average price up. The technical side shows insufficient bullish momentum, and the good news has mostly been released. There is a high probability of bad news remaining, so southbound remains valid until the key resistance is broken.
Short-term reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.
Northbound trial entry point 102,000 to 101,000, with defense at 100,000, stop-loss at 500 points, target looking at 103,000 to 104,000, break point looking at 105,000,
Southbound reference point 106,300 to 106,600, with defense at 107,200, stop-loss at 500 points, target looking at 105,300 to 104,300, break point looking at 103,500,
Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in article publication; suggestions are for reference only, and the risk is borne by the reader.