Academician of the currency circle: Bitcoin's golden moment on October 11: How to find opportunities in the decline! Latest market analysis reference
After the end of the head and shoulders pattern of Bitcoin, the short entry point of the callback of 61,500 was not reached. It was originally planned that there would be a wave of highs on the CPI news to give opportunities, but in the end, the negative news came and finally directly blocked at 61,200 and fell all the way below 59,000. The idea in the article was received yesterday, and the target was 60,500, with a space of 1,500 points. Let's look at the market
Now it is 3 pm Beijing time, and the current price of Bitcoin is 60,800. It can be seen that the daily K-line has appeared to explore the top and the bottom. The highest impact was 64500, the lowest broke 59000, and now it has returned to 61000 for consolidation. In addition, today is Friday, and the market is expected to enter a consolidation cycle without much room for operation. The EMA trend indicator is shrinking and converging. The center point is at the pressure level of 61500. You can continue to pay attention to the market at this position and start to layout after the market arrives. Although the large-scale support point has been reached, MACD has shrunk and increased, DIF and DEA have entered polarization, and the lower track of the Bollinger Band has stepped back to 59200, and then pulled back, indicating that the support point below is valid. You can patiently wait for the double needle bottom to appear
The four-hour K-line head and shoulders have just ended, and the downward mesh diffusion of the EMA trend indicator has not ended. You can wait for the pressure level to be effective and start to arrange the short position. MACD is shrinking and increasing, DIF and DEA are shrinking, and the overall trend is in a reversal. The short-term bull market has not ended. The Bollinger Bands medium-regular pressure level is 61,500, and KDJ is spreading upward. From the overall trend of the market, it is recommended to short at highs and supplement at lows
Short-term thinking reference: The market is not 100%, so you must bring a stop loss for safety. The goal is to make a small loss and a big profit
Today's thinking
Short at 61800 to 61500 above, target 61000 to 60500, break to 60000, stop loss 300 points
Buy at 59500 to 59000 below, target 60000 to 60500, break to 61000, stop loss 300 points
Specific operations are based on real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by the user
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