Crypto Circle Scholar: Bitcoin fully enters the "bear trend" at 82, and pullbacks are opportunities! Latest market analysis and reference suggestions explained along with ideas for closing long positions
The current price of Bitcoin is 113,500. It is now 3:30 AM Beijing time. Friends in the south who got off the train missed the next opportunity. We managed to catch this train, although we sold part of it at 115,000 to lock in profits. Whatever it drops from here is just a bonus for us. The main force has given many opportunities to go down around 120,000; if you don't take them, you can only blame yourself.
As of the time of writing, the daily line's highest is 116,000, the lowest is 113,600, and EMA30 has fallen below 115,300. The next focus is on the Fibonacci retracement support at 112,850 and the EMA60 trend support point at 111,500. The MACD continues to shrink and strengthen short selling momentum, with DIF and DEA spreading downward from the high, approaching the 0 axis. The Bollinger Bands are opening downward, with the middle track focusing on 118,000, and the lower track of 115,200 has already been breached. The K-line continues to explore downward, and the overall trend has entered a bearish phase. Friends who have not entered should not rush; wait for a pullback before continuing to short.
The four-hour K-line has entered a bearish trend, with the EMA trend alternating downwards, forming a double-line death cross trend. The EMA15 trend fast line has reached 116,000. If the pullback does not break the fast line pressure level, you can continue to short. The MACD continues to shrink and spread downward, and after DIF and DEA fall below the 0 axis, they will soon break the energy indicator. Pay attention to the Bollinger Bands' lower track support at 114,200, and the middle track reference at 116,950. The main idea is to focus on shorting. Friends who have not entered can short after a pullback.
Short-term strategy reference: The market is never 100%, so always set stops; safety comes first. Small losses and big profits are the goal, especially when breaking key pressures and supports. If you need to stop loss, you must stop loss; don't hold on.
Northern trial point: 111,500 to 111,000, defense at 110,500, stop loss 500 points, target 112,500 to 113,500, if broken, look at 114,500 to 115,500.
Southern trial point: 115,500 to 116,000, defense at 116,500, stop loss 500 points, target 114,000 to 113,500, if broken, look at 113,000 to 112,500.
Specific operations should focus on real-time market data. For more information, please consult the author. The article publication has a delay; suggestions are for reference only, risk is self-borne. $BTC