5.10 Bitcoin enters the market at a precise low point! Achieve a profit margin of 2,000 points! Is there any chance to get on board next?
Bitcoin market analysis:
BTC successfully held up in the support range last night and reversed. The price rose from around 60,600 to 63,400 US dollars. So the long orders we suggested everyone to arrange yesterday made perfect profits.
This was the analysis conducted yesterday. At that time, the price had just fallen. The general suggested that everyone could arrange to do more. Then the participating partners should be able to have a profit margin of about 2,000 this round. Congratulations to the partners who followed.
At present, the price rebound has approached the central axis of the previous consolidation framework, so there is a phenomenon of obstruction. Then the two points of 63,500 US dollars and 64,500 US dollars need to be paid attention to. They belong to the points of batch profit-taking.
Partners who have not entered the market need to wait for clear signals to enter the market. If they can break through 64,500 US dollars, they will go back to test the large-level 67,000 long-short watershed, so they can try to chase the rise after breaking through 64.5k.
Otherwise, wait for a pullback before entering the market. According to the hourly level pattern, if it falls back to around 61.7, you can go long if there is support.
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5.8 Where will Bitcoin fall? Is the long position structure healthy? Can we go long at low positions?
Bitcoin market analysis:
After we analyzed the failure of the high point of 65.6k in the video yesterday, BTC showed the structure of the Evening Star. Then the previous high of 64.5k will form resistance again. If this resistance is verified to be effective again, BTC will have a further downward correction. So where will the decline go today? Can we go long at low positions?
We analyze it in combination with the strength of the liquidation map. At present, BTC longs still have a liquidation strength of about 190 million near 61k, so the longs have not completed the complete liquidation, and there is still room for decline. When the price reaches 61k, pay attention to the long signal.
Compared with the liquidation strength of the longs, the shorts have nearly 500 million fuel, so even if there is still room for the market to fall, it will not be too large. After completing the long liquidation, the shorts will be hunted down next, so going long at low positions can be considered.
Then at the 1-hour level, you can refer to the channel framework. If you build a flag-shaped adjustment, then around 60,000 to 61,000 is the time to go long. As long as it is not a large-volume downhill, you can consider going long here. If you miss the opportunity to enter the market at a low level, you can also consider entering the market when the flag-shaped breakthrough occurs. There is sufficient short-selling fuel above. After the market recovers 63k, you can consider going long when it stabilizes. This is today's strategy. The content is for reference only. Pay attention to investment risks! If you are interested in this article, you may wish to follow me. More information and analysis will be shared with you every day!
5.1 Bitcoin unexpectedly plunged! Can't the Hong Kong Stock Exchange hold up? Where will the bottom go?
Bitcoin market analysis:
BTC fell yesterday. The overall decline was still relatively large. It went directly through the daily level decline channel framework we suggested. So the bulls' upward force failed directly, and the price has fallen to around 56k.
When we analyzed it in the official account yesterday, we were bullish overall, because the price had rebounded from around 61,700 US dollars to around 64,000 US dollars, right? In the future, as long as there is a structural breakthrough, it can continue to be bullish. However, the price fell back to 62.5k and there was no sign of support, so there was no opportunity to enter the market.
However, for those who were long near 61,800 before, if they did not take profits in batches and did not make a moving stop loss, this decline would directly hit the stop loss, so it depends on how everyone operates, and the strategy provided to everyone will not be blown up by this round of decline.
According to the channel framework we drew on the daily line, it is actually close to the bottom, with a difference of less than 2,000 points, so it is no longer suitable to continue shorting. Either wait for a rebound, or the price continues to fall to 55k56k. We pay attention to the hourly bull resistance and choose to go long.
Although the market is unlikely to reverse, if the price rises back above 59500, this decline may be a false signal, and then we will directly arrange to go long.
However, when it rebounded near 59500, a short signal appeared, indicating that the rebound received resistance. The previous consolidation support above the daily line has been converted into resistance, and the decline is relatively clear. Partners who want to go short can try to go short.
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4.30 Bitcoin bottomed out and rebounded? Long strategy made huge profits! Will the surge trend start?
Bitcoin market analysis:
BTC rose last night. Since 6 virtual asset spot ETFs were listed on the Hong Kong Stock Exchange and opened for trading, the positive factors pushed the rise. The highest price was close to 65k, and then adjusted downward. Will this round of positive factors lead to a surge? Is there still an opportunity to enter the market?
So for the rise of this market, we basically judged the low point correctly. Recently, we have been reminding everyone to deploy long orders in the range of 62.5k to 61.5k. Yesterday, the price reached 61.8 and reminded everyone to go long. Then the rise to the start, the highest profit space during the period was close to 3 points. Congratulations to the partners who followed the operation. If you want to follow the order, you can also join the General Community. Welcome to consult.
After BTC approached 65k, it still did not break through the trend line directly, so it was suppressed and there might be a chance to step down. Those who did not operate should still pay attention to the 62.5k retracement support and go long, and then stop loss near the previous low of 61700 to go bullish.
If the price breaks through the suppression line in one fell swoop, wait for the retracement to stabilize and go long.
Short-term bulls have reached a new high, so strong signals have begun to appear. It is not certain whether the adjustment is over. As long as the price breaks through 67k, there will be a bright future, so everyone should pay attention to profit-taking. This is today's strategy. The content is for reference only. Pay attention to investment risks! If you are interested in this article, you may wish to follow me. More information and analysis will be shared with you every day!
4.29 What is the purpose of Bitcoin's decline? Can the low-long strategy continue? Can the bulls hold up?
Bitcoin market analysis:
BTC consolidated at 64k over the weekend and still failed to break through the online market. It fell further on Monday. So what is the purpose of such a decline? Can the low-long strategy still be carried out?
In the last issue of our official account, we analyzed that the market may fall further to around 61.6k. The overall attention is that the range of 62.5k to 61.6k belongs to the range we consider to do more. So the market is still running in this range, which has not gone out of our expectations, so the plan can still consider low-long.
Compared with the liquidation strength of long and short positions, there is still a big difference, which is about 2 times, so the possibility of a direct plunge is very small. Although it is possible in a small possibility, institutions want to make a profit, and they often go to the side with stronger liquidation. So the explosion of long and short positions is still worth our reference, right?
Therefore, if the market does not fall below 61k, the low-long strategy can be implemented. More conservative partners can also consider entering the market after BTC breaks through the wedge or the blue suppression line. This is today's strategy. The content is for reference only. Pay attention to investment risks! If you are interested in this article, you may wish to follow me. More information and analysis will be shared with you every day!
4.27 Bitcoin fell to the ambush point! Start to layout long? How will the structure change?
Bitcoin market analysis:
BTC failed to break through the suppression line last night and continued to fall to a new low. The lowest price came to around 62300. We have been paying attention to 62.5k for a long time. This long position has arrived. Should we layout long? What changes will the structure have?
This is the analysis given to you by the official account yesterday. The price trend is as expected. It has come to the long position. Let's see whether the indicator shows a strong signal.
Then in the 1-hour level, after the price approaches 62.5k, there is a positive column reverse, so there is support, but this support is not too strong at present, so there is still room for exploration. We have been reminding everyone to consider the 61.6k-62.5k range for the long range, so those who want to go long can consider building positions in batches, or wedge breakthrough entry. Combined with the bottom divergence of macd, this decline can be participated in according to the recent analysis strategy.
If BTC does not have support at 61.5k, then we need to prevent the possibility of BTC falling. It is not ruled out that it will go out of the flag channel trend, and the low point may be around 55k or 56k. Therefore, partners who are long should take profits in batches, set stop losses, and pay attention to risks during the period!
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4.26 Has Bitcoin completed its pullback? Is the head and shoulders structure being constructed? The bullish trend is waiting to break through
Bitcoin market analysis:
BTC continued to decline last night, and the lowest price came to around 62,700 US dollars, which is less than 200 points away from the entry point we analyzed for everyone. Such a decline actually just happened to be a 2b behavior of the low point of the consolidation range of 62,900 US dollars, so the signal is still relatively obvious.
So every time we analyze, we will review the views of the previous day, which can also prove our views and avoid everyone thinking that the general is blowing cannons. So the predicted point is 200 points apart. I don’t know if you have entered the market. I forgot to remind you of the possibility of 2b at this point yesterday, so those who have not entered the market don’t need to rush. If you miss it this time, we will seize the next opportunity.
So after falling to around 62,700 US dollars last night, the long position has obtained liquidity, and the lower shadow line has also appeared, so the market can break the oblique trend line, which is a strong signal, and you can consider chasing long after the breakthrough. We need to pay attention to the suppression of 65,000 US dollars. If the subsequent market continues to be blocked below the trend line, partners who are long near 65,000 can use it as a reference point for batch profit-taking.
Last night's decline did not hit 62,500, which is Fibonacci 0.618, so before there is a strong breakthrough of the trend line, there is a possibility of hitting a new low, and according to the head and shoulders bottom structure, it is even possible to test down to around 61,600, so if a new low is hit, everyone should pay attention to the long opportunities in the range of 62,500 to 61,600 US dollars.
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4.24 After Bitcoin rebounded yesterday, the support did not fall in one fell swoop! Bulls have a strong signal! Short orders are recommended to exit!
Bitcoin market analysis:
After BTC hit a new high of $67,200 yesterday, the price fell back, and resistance appeared in the subsequent two tests of $66,800.
So the short-selling plan we deployed yesterday was still profitable, but we need to change our view on the market today, and the expectation of a correction may be cancelled.
Let's analyze the subsequent trend at a large level. From the daily level, BTC is currently in the middle axis of the consolidation range, so the middle axis of the box belongs to the watershed between long and short. If the price breaks through the middle axis, there may be a large-scale rise. If you chase the short position, you will miss this period of the market, so we need to adjust our thinking.
After rebounding to the resistance of 66,800 last night, it did not fall below the upward trend line in one fell swoop. Today, it once again broke through $66,800, so the expectation of a decline was temporarily cancelled, indicating that the market has the intention to break through. In order to avoid missing out on this wave of market, you can consider entering the market and arranging long orders at present, with the stop loss placed near the low point of the consolidation range of 65700. Once the upper axis is suppressed, a surge may occur.
Unless the market falls below the blue upward trend line, there may be a callback, but the possibility has been reduced. Partners who have deployed short orders are advised to exit the short orders and consider entering the market if the market falls below the trend line.
Today, change your mindset and arrange to go long.
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4.23 Is there still a risk of Bitcoin callback? Approaching the resistance range! Short-term operation suggestions!
Bitcoin market analysis:
BTC broke through the high point of 68,800 US dollars today, but it failed to strengthen further after going up, but fell back. We have recently held a short-term view on the range of 66,500 to 66,800 US dollars, and partners who have operated have been able to make profits. Although the upward increase was several hundred US dollars, there was indeed a bearish signal, so there may be further correction in the short term, giving the opportunity to enter the market at a low level.
In the 4-hour chart, the price went up further but there was a top divergence with the indicator, and the KDJ dead cross went down, so there is a possibility of downward adjustment and repair, which is also a proof of our view that BTC may test the support.
Then the KDJ top divergence in the 1-hour chart is also observed. Next, pay attention to the support situation near 65,500. If it falls directly, it can be seen near 62,500.
If BTC rebounds at the support of 65500 and reaches a new high, it will be stronger. The high point needs to be re-analyzed. However, if it cannot reach a new high, but is blocked at 66800, it is an opportunity for short sellers to deploy again. Those who missed the short position can still short at 66800 US dollars.
Please pay attention to the risks when shorting at this position. We are still bullish on the current general trend, so as a short seller, it is recommended to stop loss and take profit in batches.
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4.22 When will Bitcoin surge after the reduction in production? Has the small cycle strengthened? Is there still a chance to go long at a low level?
Bitcoin market analysis:
After this wave of strong rebound, BTC fell back to 63k, and then consolidated around 65k during the weekend. This morning, it reached a new high of around 66,500. If the market continues to rise, is there still a chance to go long at a low level? What should we pay attention to?
Let's first look at the entry suggestions given to everyone when the last round of market broke through, right? The general clearly pointed out that 63k is an opportunity to enter the market after falling back, so the price has now reached 66.5k, which is about 3,500 points of profit space. It depends on whether everyone can grasp it. Congratulations to the partners who entered the market and made a huge profit again.
According to the previous breakthrough of the flag structure channel, the price can generally reach 0.618, so if it is blocked near 66.5k, there may be another downward adjustment. Then filling the gap of the previous ocean rise is an entry opportunity. We pull a Fibonacci retracement through the current high point, and the entry time is near 62.2k.
Then we need to pay attention to whether there is a strong breakthrough near 66.5k. If it is blocked and a short signal appears, it is a good short opportunity. However, the current trend is bullish, so whether to operate or not is up to you, but the bullish direction does not change.
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4.19 Has the long liquidity of Bitcoin dried up? Has the washout been completed? The low point is an opportunity to open a long position again!
Bitcoin market analysis:
Today, BTC has rebounded strongly, with the highest price reaching 65k and maintaining a consolidation at 64k. After breaking through the trend line last night, the price did not stabilize above the trend line, but fell below the previous low again to wash out the market, and then a strong rebound appeared, so the short exhaustion signal appeared, and the 59k pin market we are looking forward to is estimated not to appear.
Looking at the liquidation map strength this morning, basically there is not much liquidity for the longs below, but the liquidation strength of the short orders is very strong, which also reduces the possibility of a BTC crash.
Short orders can accumulate a liquidation strength of 900 million US dollars near 65k, so it is not surprising that there is an upward rebound, and the speed of the rise may even be faster than everyone imagines.
So the morning video update is to suggest that everyone deploy long orders. It has already made a huge profit. Those who have not operated can pay attention to whether it will fall back to around 63k next. As long as there is not a large amount of shorts falling, you can try to go long when it falls back to the support. The reversal signal of this range has appeared. It is estimated that 59k will not be so obviously broken to give everyone an opportunity.
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4.18 Bitcoin fell to 59,000 USD! But the wash was not thorough! Can we arrange to go long?
Bitcoin market analysis:
BTC was blocked by the trend line yesterday and failed to break through, and then continued to fall, reaching a minimum of around 59,400. So the 59k we analyzed recently is close, but the wash was not thorough enough. Is the decline over?
This is the short order we suggested everyone to arrange on the 16th.
This is the analysis we gave everyone on the 17th. It depends on the individual how much profit the partners who have operations can make. Anyway, the maximum profit space is close to 5,000 USD. Congratulations to the partners who have operations.
Then the decline last night was close to 59k, but there was no pin-point break of the previous low, right? So the acquisition of liquidity cannot be confirmed. There are two possibilities. Either 59k is broken and then recovered, then you can go long. Or this position is the low point, just like when it was above 70,000 USD, the reversal of the market did not search for the previous high, only a false breakthrough of 71.7k.
Therefore, if institutional market makers do not want to make it particularly obvious for everyone to enter the market, 60.5k may also be the low point of this wave.
In the short term, we can observe the trend line. Yesterday, the trend line was blocked again, which shows that its effectiveness is worth referring to. If the short-term trend reverses, the downward trend may be reversed, and you can try to go long when the trend line breaks through. If there is no breakthrough signal, continue to pay attention to whether 59k will have a 2b pin.
If 59k cannot show signs of reversal and continues to fall, it means that our analysis of the bulls is wrong, and we can only reorganize our thinking.
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4.17 Bitcoin tested down 3 times last night and couldn't fall? Will it rebound? Analysis of the long-short boundary trend!
Bitcoin market analysis:
BTC tested down 3 times yesterday and successfully held, so the price rebounded and is very close to the trend line. Today's price high also stood above 64k. If it breaks through the trend line, there may be room for growth, but there is no short-term breakthrough, and the risk of falling is still not eliminated.
So yesterday we provided you with short-short suggestions. The current price is suppressed by the trend line at 64k, so the strategy of using 65k as a stop loss yesterday can be considered. The profit and loss ratio of shorting at this position is still good, but the price has broken through, and it must be stopped. It is currently at a key node of long and short, so the long-short conversion is in this small range.
Especially the daily line fell below the triangle structure. If the price returns to above 64.5k, the risk of long positions will be lifted. Otherwise, the bottom structure is not obvious enough at this position. I personally think that there may be a pin at 59k. As for whether 59k can reverse and whether it is a reversal node, we can only hope for it.
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4.16 Bitcoin's declining signal reappears? The daily triangle has broken! How will the trend run next?
Bitcoin market analysis:
BTC was blocked at Fibonacci 0.618 last night and failed to break through 67k, so the possibility of a direct V-reversal in the short term is not great, so even if the subsequent price trend wants to usher in an increase, it will take time to adjust, so today we adjust our thinking, and we need to have a clear understanding of the long and short directions.
Then this morning's video gave everyone a short-term short suggestion. If the price rebounds near 64k and is blocked, you can try to use 65k as a stop loss for short-term short operations. If it directly falls below 62.5k and a large negative column directly falls through, you can also try to go long, so short-term operations can still be used as a reference.
The price also fell below 62.5k at noon and was inserted, but the price was recovered. It is currently in a range of serious divergence. You must bring a stop loss when operating. Recently, the long and short insertions will be particularly frequent. The closer the market is to the halving, the more the institutional dealers will be, so be cautious.
After the false breakout of the daily triangle, the trend line support below the retracement did not show strong performance. If BTC can stand back to 64.5k, the risk will be temporarily lifted. If you want to go long, you can also consider going long if this position stabilizes.
However, the trend line fell last night, so we need to consider the risk. The reduction in BTC production is undoubtedly a positive for BTC. I believe that the bull market has not ended, but if the operation during the period is not good, it can also cause a liquidation.
So if this wave continues to go down, it may test $59,000. If it falls below, it may shatter the market's bullish hopes. When the market completely turns to shorts, if it can be recovered at 59k, I think the opportunity for reversal may be this position, so you can pay attention to the time to enter this position.
Of course, there is no need to consider so much for spot. The bull market is not over, so just add positions in batches when it comes down.
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4.15 Is the decline of Bitcoin over? Will it bottom out at 60,000? When can we go long?
Bitcoin market analysis:
BTC has been falling continuously in the past few days, with the price falling from 73k to around 60,000. So where is the bottom of this decline, and will it continue to fall? Can we go long?
First, let’s look at the analysis we gave you on the 10th. Before, we were concerned about the false breakthrough of the convergent triangle, and actually tended to see the price fall to around 64k to test whether the support can hold, and then break through the convergent triangle to continue to rise.
So this wave of decline, although the amplitude is deeper than we imagined, the price closed the lower shadow line, which shows that there is still capital to support the bottom, and the price has not fallen below the triangle trend line on the daily line, so the possibility of a triangle breakthrough still exists.
We can also notice that the tip of the needle that fell just broke the previous low of 60.7k, so 2b behavior appeared. This kind of socket explosion usually occurs during the wash, so after hunting the long army, it actually has the conditions for reversal.
Then look at the hourly level, the downward trend line is still broken, so the short-term bearish trend has been destroyed. Next, observe the resistance of 0.618 at 67.5k. If there is a breakthrough with volume, you can consider following the trend and set the stop loss at the lower low point to avoid missing out.
If it is blocked at 67.5k, wait for the downward adjustment, you can refer to the support line below to consider entering the market. The stop loss at this point should not be too large. If there is capital to drive the current rebound, there may be a possibility of a direct rise in the V-reverse, but this is something we cannot predict. Generally, the bottom of the market will be tested 2 or even 3 times, so the contract does not need to be operated too hastily, but the spot can start to build positions in batches.
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4.10 Bitcoin triangle breakthrough failed? Will there be a major structural change after the breakthrough? How will the subsequent market trend?
Bitcoin market analysis:
BTC failed to break through the triangle structure yesterday, and failed to support near 70,000 US dollars. The price fell to the strong support line near 68,600 yesterday. So the long orders that we suggested to everyone yesterday failed. So it is inevitable that the market will be difficult to grasp due to false breakthroughs. We can only wait for the next opportunity.
Last night's decline basically broke the rise, so the market weakened very obviously. Unless this position can rebound and break through 70,000 US dollars, there may be a chance for bulls to break through upwards. Otherwise, the possibility of falling is very high, so everyone can refer to the route and try short orders.
If the market can support at 67,600 US dollars in the future and take the yellow route, there may be a chance for bulls. However, if it rebounds after falling to this position, the trend is too weak. Long positions can only break through 70,000 US dollars effectively to get out of the short-term short trend. The risk of not stabilizing 70,000 US dollars cannot be eliminated. Even the white route may be even bigger. The current trend at the macro level has not changed and is still in a bullish trend. Therefore, the downward retracement is close to the trend line support. The 64k area is still the priority for layout and long positions. The possibility of continuing to follow the triangle structure after the support appears is the greatest, so pay attention to the 64k area.
As long as the subsequent support is above the suppression line, the consolidation here is almost completed, and the subsequent breakthrough of 68k69k can also be laid out.
In short, the current market is more difficult to grasp, and the risk is given priority! I may stop updating again if I am busy with something. The community will continue to serve as usual. If you have any questions, you can also join the exchange q to raise questions and communicate together.
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4.9 Bitcoin triangle structure breaks through and then falls back. Can we go long? Will it go in a 5-wave rising structure?
Bitcoin market analysis:
BTC saw an upward trend yesterday. After the price broke through the convergent triangle structure, the price once rose to nearly 73,000 US dollars. So did everyone keep up with this round of rise? How will the market go next?
First, I saw the content of the emergency update for everyone yesterday. At that time, the price just tested the 70,000 US dollar mark. The general suggested that everyone could try to go long, because the breakthrough of this point means that the price will accelerate, so you can be bullish with a stop loss. So there is nearly 3,000 points of space. As for how much profit can be made, it depends on everyone's operation. Congratulations to the partners who keep up!
So whether the decline in the market today is the time to enter the market, you can observe it through Fibonacci. The current price is backtested to 0.382, so it is a normal adjustment. If this line can hold, then according to the wave structure, BTC is going in a 5-wave rising structure, and another 5-wave rise is expected, so this position is a good entry point.
In addition, from the structural point of view, the current pattern is also a retracement after a breakthrough, which is also the time for structural entry, so everyone can make appropriate arrangements, but the red support line is more important. 68600 is the recent consolidation support and resistance exchange position, and the test is also relatively intensive. Therefore, once BTC falls below this line again, it means that this round of breakthrough has failed, and the structure will be reorganized, so long positions can only wait for the next opportunity.
So above this line, long positions are mainly used. If it falls below, stop loss and wait and see.
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4.8 Bitcoin is about to break through 70,000 USD, and the converging triangle is about to break through? Will there be a surge?
Bitcoin market analysis:
BTC broke through the 70,000 USD mark last night, but it was only one shot away, and it came down again after a false move. The price is still testing this suppression line, and there is a possibility of breaking through at any time. Once it breaks through, the market may start directly, so those who are worried about missing out can try to go long and put the stop loss at the previous low to be bullish.
Then the price has broken through the previous consolidation range, so if the subsequent 68400 is not effective and falls back, then the long position is healthy.
In fact, the market has not changed much, so the view remains unchanged. Observe whether it can break through and stabilize near 70,000. Those who are worried about missing out can directly chase the rise. If the breakthrough fails, there may be another callback, and continue to go long at the triangle support line.
Today's daily line actually has a rising signal, KDJ golden cross is formed, and MACD is also a golden cross when the price goes up a little, which means that the upper pressure range has been successfully broken through, and the market may be about to start, so everyone pays attention to market changes and don't miss the opportunity to surge.
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4.7 Bitcoin production cut countdown! Can the convergence triangle break through? Pay attention to the pressure of 70,000 US dollars!
Bitcoin market analysis:
After a few days of adjustment, BTC still walked out of the short-term bearish trend, and the price is still close to the 70,000 US dollar mark. At present, the production cut is getting closer and closer, and everyone is looking forward to the bull market.
Well, I went back to celebrate the holidays in the last two days, so I have tried my best to analyze it for you in the last video and the official account. Of course, many partners may not grasp it, but after the bearish trend is broken, the expectation of rebound has appeared. This wave of rising height is close to 70,000, so will it continue to rise? What is the opportunity to enter the market? The last issue also built a chart for everyone.
The BTC operating framework is still in the convergence triangle. The current price is close to the resistance of the suppression line, so there is a disagreement at this position. Whether it is a rise and breakout, or there is a fall back, it is not certain at present. You can only enter the market by observing the breakthrough of the 70,000 US dollar pressure range. If it breaks through 70,000 US dollars and stabilizes very strongly, you can chase the rise at a high level. As long as you have a good stop loss, you can go long to avoid missing out.
If it is blocked below 70,000 USD, it may adjust downward to around 65k before breaking through and rising, so those who have not entered the market may still have the opportunity to operate at a low level, otherwise they can only chase the rise at a high level.
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4.3 The Bitcoin bull market is not over! The bull trend has not reversed! Where will the bottom of this round be?
Bitcoin market analysis:
BTC continued to fall last night, and the price fell to around 64,500 US dollars. Did such a decline start a bearish trend? Where will it fall? Then we can see from the continuous negative K closing line that the shadow line is constantly closed, and there are already buying orders, and the decline is not so smooth.
Although there is a bearish trend at the short-term level, from the daily level, this round of decline has not fallen below the previous low, so the large-scale bullish trend has not been damaged. As long as the previous low is not broken, there is still hope for the bulls, and the subsequent convergence triangle structure may be followed and finally break through.
Then 62,500 may be the low point of this round of decline. You can pay attention to the behavior after the price arrives. If there is a bullish signal, try to buy the bottom, especially for spot partners, you can start to build positions in batches at this line.
The current price is around 65.66k, so there is still 2.3k space for downward movement. Will it be supported at this position?
Tip: According to the Fibonacci retracement analysis, it has been supported twice after touching 0.618, so it is possible to support it, but the short-term bearish trend will not come out until the price breaks through the suppression line, and then this round of decline may end here. Whether it is to use the 123 rule to go long, or to consider going long after stabilizing at 68500, it is a more stable choice.
So in the case of limited room for decline, do not participate in short selling, pay attention to the change of the current short-term trend, trend reversal, and go long. If it continues to go down to 62.5, 63k may be the low point of this round, the contract waits for the long signal, and the spot starts to build a position.
This is today's strategy, the content is for reference only, pay attention to investment risks!
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