$BTC BTC 82960 — one chart to explain what to do now.
The daily candlestick chart has pulled back from 87385, with a low near 80000. In the short term, price is above EMA15 at 82743 and EMA30 at 82819, but EMA60/90/120 are acting as layers of resistance. MACD is rebounding from oversold levels; this is not a trend reversal.
After bottoming at 77000, the four-hour chart has been consolidating and recovering, with price caught between EMA15 and EMA30. MACD is slightly bullish in the short term, but DIF is still below the zero line. The Bollinger Bands are narrowing, so price will most likely move sideways in the 82635-83815 range.
Trading plan
Bullish: Enter between 82650 and 82800, set a stop-loss below 82200, and target 83200 to 83500.
Bearish: If price meets resistance between 83300 and 83500, enter short, set a stop-loss above 83700, and target 82600.
The risk/reward ratio at the current price is average. Better to wait than rush in. Small positions and stop-losses are the only way to survive in this market.
For reference only; this is not investment advice. Follow me, and trade with discipline instead of emotion.
#BTC走势分析
The daily candlestick chart has pulled back from 87385, with a low near 80000. In the short term, price is above EMA15 at 82743 and EMA30 at 82819, but EMA60/90/120 are acting as layers of resistance. MACD is rebounding from oversold levels; this is not a trend reversal.
After bottoming at 77000, the four-hour chart has been consolidating and recovering, with price caught between EMA15 and EMA30. MACD is slightly bullish in the short term, but DIF is still below the zero line. The Bollinger Bands are narrowing, so price will most likely move sideways in the 82635-83815 range.
Trading plan
Bullish: Enter between 82650 and 82800, set a stop-loss below 82200, and target 83200 to 83500.
Bearish: If price meets resistance between 83300 and 83500, enter short, set a stop-loss above 83700, and target 82600.
The risk/reward ratio at the current price is average. Better to wait than rush in. Small positions and stop-losses are the only way to survive in this market.
For reference only; this is not investment advice. Follow me, and trade with discipline instead of emotion.
#BTC走势分析