Crypto Scholar: On November 22, Bitcoin's collective efforts ignite a higher flame! Short positions are being liquidated, the 100,000 mark is in sight, the bullish trend remains unchanged, be cautious with shorts.
The current price of Bitcoin is 98,888, and it is now 3:15 AM Beijing time. Before the publication, Bitcoin once again broke the historical high, reaching the 99,000 mark, only 1,000 points away from the 100,000 milestone. Yesterday, I went long at 94,000, took profits at 97,000, and after securing 3,000 points, I have been observing. The details of the live trading have been shared for everyone’s reference. Currently, I have not entered the market again; the trend remains bullish, but remember, if the trend does not adjust, do not trade.
Let's look at the order book: the daily K-line reached a high of 99,100 and a low of 94,000. The EMA trend indicator is still in violent stretch, with EMA15 already at 88,000. MACD continues to show a top divergence, and the Bollinger Bands have expanded upwards, breaking through the 102,000 mark. KDJ faces upward resistance; the trading volume is insufficient. It is clear that currently, only the main force is pushing the market, with most people choosing to go long. The collective efforts ignite a higher flame, short positions are continuously being liquidated, and those who haven't been liquidated are still holding their positions. What remains are shock and fear, and the greed index has already broken historical records; high-level market movements show no signs of a top.
The four-hour K-line is stretching upwards. The EMA trend indicator shows all five lines heading upwards, MACD is increasing in volume, and the Bollinger Bands are expanding upwards. The upper track of 98,400 has been lost, with the middle track support at 93,650. The short-term indicators almost all show divergences, with fluctuations in the market moving several thousand points back and forth. At this time, during rapid rises and falls, I suggest everyone first protect their chips and survive; you can avoid taking profits but must definitely set stop-loss positions. If you are wrong, you must acknowledge it. In the crypto sphere, you must learn to acknowledge mistakes; do not resist stubbornly.
Short-term strategy reference: The market is not 100%, so always set stop-losses. Safety first; small losses with large gains are the goal. The strategy should be to go long on support and short as a supplement—observe more and act less, do not resist positions.
For the upper range of 10.2 to 10.3, short with a stop-loss of 500 points, targeting 10.0 to 9.95; if it breaks, look for 9.90 to 9.70.
For the lower range of 9.40 to 9.30, go long with a stop-loss of 500 points, targeting 9.60 to 9.70; if it breaks, look for 9.80 to 9.90.
I am a warrior in the crypto world who has always been protecting the small investors. I wish my fans financial freedom in 2024. Let’s work hard together!