Reasons to focus on the 20 EMA

Indicators of short-term trends:

1.20 EMA is a commonly used short-term trend indicator. Whether the price can stay above the 20 EMA can usually reflect the strength of the short-term market.

Support and resistance levels:

2. In the high consolidation stage, 20 EMA often plays a key support or resistance role. The current price stands above 20 EMA. If it can continue to maintain, it indicates that the buying power is strong.

Changes in technical indicators:

3. Observe the angle change of 20 EMA. If 20 EMA can turn upward and have a chance to cross 50 EMA, it will be a stronger bullish signal.

Specific Focus and Strategies

1. Price sustains above 20 EMA:

Closely watch to see if the price can stabilize above the 20 EMA in the coming days. If the price can sustain above the 20 EMA and gradually move upwards, it will strengthen the bullish outlook in the market.

2.20 EMA angle changes:

Watch out for signs of the 20 EMA turning upwards. This would indicate that the short-term trend is changing to an uptrend.

If the 20 EMA can cross above the 50 EMA, it will further confirm the short-term bullish trend and could trigger stronger upside momentum.

3. Trading volume:

Changes in trading volume are also an important confirmation signal. When the price rises, the increase in trading volume indicates that the buyer's power is increasing; on the contrary, if the trading volume shrinks, we need to be cautious about the sustainability of the rise.

4. Technical indicators:

Combined with other technical indicators such as MACD and RSI for comprehensive judgment. If MACD continues to rise and RSI breaks through 50, the bullish signal will be clearer.

Risk Management

Set stop loss level:

While keeping an eye on the 20 EMA, set a stop loss in case the price unexpectedly falls below the 20 EMA and triggers a further decline.

Control positions:

Before the trend becomes clear, control your position to avoid large losses due to short-term fluctuations.

Summarize

At this stage, 20 EMA is a key technical indicator. Paying close attention to its changes is very important for judging short-term trends. If the price can stay above 20 EMA and 20 EMA shows signs of turning upward, it will be a positive signal and help to judge future trends. At the same time, combine trading volume and other technical indicators for comprehensive analysis and do a good job of risk management. #BTC走势分析 #Bitcoin🚀 #比特币 $BTC