10.1 Zhang Lihui: Bitcoin market analysis and operation suggestions:
The rising rhythm of Bitcoin for many consecutive days began to retrace yesterday. It can be seen that the K-line began to retrace non-stop after touching the top of the 4-hour channel, directly breaking through the current EMA80 and EMA120 range. The current Bollinger Bands continue to open downward, and the lower track line has also touched the EMA120 position and has not stopped yet. The K-line is also following closely; there is still a large volume below the MACD, indicating that there is still room below, but the strength of the white market is generally not very strong. Continue to pay attention to whether there are signs of turning around in the short-level fast and slow lines;
The daily Bollinger Band channel is ending the upward trend that has been maintained for more than half a month and turning into a parallel trend. Li Hui believes that the market will transition in this range for 2-3 days, so there is no need to panic; the K line also continues to move downward to the lower track and EMA30 after piercing the middle track, so this place can also be used as the first long position opening point. Continue to pay attention to whether EMA30 can turn downward. It can reach EMA60 and still be in an upward posture, forming a strong support with EMA80 and EMA120. Then this place can be used as the most suitable point for long positions;
In summary, there is still a need for a retracement in the short-term price of Bitcoin, so you can just keep trading low and high:
It is recommended to buy more in the 62600-62050 range when the price retreats, and reserve 61500-61000 range for replenishment below; stop loss 60700; target 63400-63900;
It is recommended to go short in the range of 64000-64400 when the price falls back. Short-selling should be stopped when the price is good, with the target of 1000-1500 points.
There is a delay in the review and push of articles. The market is changing rapidly. The specific entry opportunities must be combined with actual operations and subject to real-time notifications. The recommended points in the article are for reference only. Please set stop-profit and stop-loss when entering the market, and quit when you see good results!
I, Li Hui, interpret the world economic news and analyze the major trends in the global cryptocurrency circle. During my further studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL and other currencies. Friends who don’t know how to operate are welcome to leave comments!
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This article is exclusively published by (Official Account: Zhang Lihui) and does not represent any official position. The review of article release is delayed. The above points are for reference only. Risks are borne by yourself! May we always be humble and brave in this complex currency circle, not afraid of challenges, and dare to explore. Just like traveling thousands of miles, "The road is long and far, I will go up and down to seek." May we read thousands of books, keep pace with the times, and draw wisdom. Travel thousands of miles, experience wind and rain, witness the scenery, and feel life. May you, under the guidance of Lihui, give advice, learn from your strengths and avoid your weaknesses, and create value together. May we always remember the baptism of the market, keep our original aspirations in mind, and always be successful. In this wave of digital currency, hold the faith with Lihui, persevere, and move forward courageously. May we work hand in hand with each other to jointly write a brilliant chapter in the future and share the joy of success. Let us gather together in the turbulent world of digital currency, live up to our youth and create brilliance together. Lihui is willing to start this investment journey full of challenges and opportunities with you.
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