Cryptocurrency Scholar: With Trump’s help, Bitcoin returns to 70,000! The short-seller hunting zone has been set, prepare for significant volatility!

　　The current price of Bitcoin is 71,000, it is now 9:40 AM Beijing time. Yesterday, two pieces of news emerged: first, Trump’s victory sent Bitcoin back to 70,000, and Sister Haha’s victory brought it back to 60,000. From the market sentiment, the results are self-evident. As for how long this can last, we must view this matter rationally. From the overall trend of the market, Bitcoin has once again returned to the vicinity of major trend resistance levels. Therefore, there is no need to think too much; as long as we enter our short-seller hunting zone, the hunt officially begins. I won’t go into detail about the trial positions everyone will take; let’s look at the market.

　　Currently, the daily K-line opened at 69,370 at 8 AM and stretched to a high of 71,455. The daily K-line has already climbed to a high position. The EMA15 trend fast line support is at 69,000. The MACD shows a continuation of divergence at the high level, with a decrease in volume and an increase in positions. The DIF and DEA are contracting at high levels, and the upper Bollinger Band resistance has started to pull up, now reaching 72,300. The middle band support has come to 68,950. The daily K-line shows a V-shaped transition trend, with KDJ contracting upwards. Overall, it has not yet reached the overbought level, but it is close. So let’s wait for now; after Bitcoin breaks 72,000, we will start testing short positions.

　　The four-hour K-line has not yet clarified the pressure point on the right shoulder. Standing on the three major EMA trends, first supporting at 69,200 before a violent stretch. The magical nine turns six have occurred; to clarify the pressure point, we have to wait until the evening US market time. The MACD continues to increase in volume and positions, breaking the upper Bollinger Band at 70,300. If it goes further, it will still return to the Bollinger channel. Looking at the overall trend, the major pressure point is confirmed, and for the smaller levels, we only consider one thing: to layout shorts at the pressure point; the support point is too far, so we temporarily do not consider going long.

　　Layout reference: Trend layout for high position short hunting preparation.

　　Short from 72,000 to 72,500, with a defense from 73,000 to 73,500 for adjustment shorts, utilizing the advantage of high leverage and low position to continuously raise the average price. Once returning to the average price, offload the portion for supplementary positions, targeting the 69,000 to 67,000 range for the market. After breaking, continue to look down for space to capture over 5,000 points before freely cashing out. For those who want to hold on, consult me.

　　Do not chase prices near historical highs; those who are prudent can stay in cash and watch the show.

I am a cryptocurrency scholar, a warrior who has always been protecting the retail investors; let’s keep going together! $BTC #比特币行情分析