Academician of the currency circle: 2024.3.25 Bitcoin (BTC) market analysis and trading suggestions
Looking back at yesterday's Bitcoin market, academicians in the currency circle gave a strategy at 12 noon, recommending a layout at the price of 63,800, with targets at 65,500 and 66,000, and successfully captured the fluctuation of more than 2,000 points. However, the short position of 66000 was stopped at 66600 price. There are always gains and losses in trading. The key is to abide by the trading principles, stop the loss when it is time to stop the loss, and try your best to get the space that should be taken. The market changed on Monday, and the previous short strategy changed to the current bullish strategy. After early morning, the market suddenly changed, and bulls began to exert force, breaking through the upper pressure level of 66600. As of now, the price of Bitcoin is 67350.
Judging from the daily K-line, the current bull trend is very strong, and the K-line breaks through the trend pressure level EMA10 (66600). At the top, focus on the resistance near the recent high of 68,000. In the short term, there will be a good profit margin by following the trend. MACD shows that the main force is increasing funds, DIF and DEA are closing at high levels, and it may be difficult to fall below the 0 axis. After the K line broke through the 66600 pressure level, KDJ formed an upward golden cross. The middle track of the Bollinger Bands has become the first pressure level of 67800, but judging from the handicap, the pressure at this position is not strong. We need to pay attention to the 68,000 integer mark and historical highs.
The four-hour ultra-short trend MACD has a large and small bullish golden cross indicator, breaking through the 66600 pressure level. In addition, the K-line rose and broke through the EMA moving smooth index, and bulls began to exert force. KDJ spreads upward, and the Bollinger Bands open upward. The overall strategy is to focus on bulls and focus on the important pressure levels above 68000 and 69000. The short stop loss is set at 69500 and the long stop loss is set at 66000. Please perform specific operations according to the real-time data of the market, and pay attention to your own risk.
This article is exclusively provided by academicians of the currency circle and represents only the author’s own views.
