Crypto Circle Scholar: Is Bitcoin experiencing a bull run on 11.12? The risks of chasing long or short positions are increasing, and staying on the sidelines is the best choice!
The current price of Bitcoin is 88350. It is now 2:30 PM Beijing time. After staying up all night for a week, I just woke up to review yesterday's trading. Everyone knows about the big short position at 73000 that went against the trend. I kept adjusting my positions to lower the average price, and it finally adjusted to 82100. Initially, when it fell below 82000 at 10:45 PM last night, I thought it was safe, but unexpectedly, the ultra-short indicators stretched back above 82000. I had no choice but to exit at breakeven and opened a long position at 82200, with a take-profit at 85000. At 2:39 AM, it reached the target, and it can basically be judged that this is a bull run.
Yesterday's daily K-line had a low of 80200 and a high of 89530. Today's opening price has reached a daily K-line high of 89470 and a low of 86560. The current price is still at a very high position. It can't hold 90000, and retail investors don't dare to chase high anymore. What remains is to watch the main players perform. The EMA trend 15 quick line has reached 76750, and all trend indicators are clearing upwards. MACD is increasing and accumulating, DIF and DEA are widening the gap, and the Bollinger Bands are expanding outward. After breaking the upper track line of 86100, it has not returned to the Bollinger channel before this report. KDJ is expanding upwards, forming pressure. It is expected that there will be exciting fluctuations at the 90000 mark.
The four-hour K-line shows a bullish trend with a double bullish engulfing pattern. A short-term long position can be entered at the current price, with a stop loss at 88000. The EMA15 support point continues to pull up to 83300. MACD is increasing and accumulating with divergence. The upper Bollinger Band pressure level to pay attention to is 89400. KDJ continues to expand upwards, and the bullish trend is strong. The frenzy of the main players has already cleared out most retail investors. Now we can only watch. Chasing long or short positions is risky, and when risks outweigh the rewards, it is advisable to stay on the sidelines. Aggressive investors can chase long positions.
Layout reference: The market is never 100% certain, so always set a stop loss. Safety first, small losses and big gains are the goal.
Aggressive investors can go long at the current price, targeting 89000 to 89500. If it breaks, watch for 90000. If the stop loss at 88000 is broken, it is advisable to exit and protect your capital. Survive first.
The essence of trading is survival, and only then comes the profit. I hope you can understand. I am a scholar in the crypto circle, a warrior who has always protected the retail investors. I wish my fans can achieve financial freedom in 2024. Let's work hard together! $BTC #比特币行情分析