Cryptocurrency Scholar: Bitcoin effectively retests the neckline, will the bulls decisively target the 100,000 mark?
The current price of Bitcoin is 97,650, and it is now 6:45 AM Beijing time. Yesterday's market saw a drop from 98,400 to 97,200, and the public price strategy provided by the entire network has been profitably closed. I remind everyone that after finishing one order, do not directly start the next one; wait for opportunities and signals. At 1 AM, a small-scale double bottom formed, indicating that the rebound has begun. Bitcoin has successfully retested the neckline position at 96,000, with a low of 95,700. After breaking 96,100, a long position was entered and is being held.
Looking at the market, the daily K-line shows signs of a pullback. The neckline position on the daily level has not been confirmed yet. The EMA15 trend support line has risen to 91,000 and is still pulling up. The MACD top divergence has decreased in volume, and the DIF and DEA have shown signs of contraction at high levels. The upper Bollinger band is contracting, and the resistance level is maintaining at the 104,500 mark. The middle track has not finished stretching, breaking 87,500. The strategy remains the same as yesterday's article; in a large-scale bullish trend, all pullbacks are defined as false short signals, and positioning long at low levels is the main focus. Do not hold shorts for too long, and remember to take profits once you exceed 1,000.
The four-hour K-line has just touched the previous low of the 21st, forming a neckline at 95,750. This can be used as a short-term indicator for long and short exchange points. As long as the neckline is not broken, the bulls can hold without rushing to exit. The MACD has decreased in volume and increased holdings, while the DIF and DEA have encountered resistance and expanded downwards at high levels. After the K-line broke the lower track support at 96,450, it began to pull back and attack the middle regulation resistance at 98,150. The upper resistance point to watch is 99,850. The KDJ has formed a golden cross upwards, and the bullish strategy is effective for holding, temporarily avoiding shorts until the previous high is broken or the long position is closed for profit and looking for opportunities to enter short.
Short-term strategy reference: The strategy mainly focuses on long positions at pullback support, with shorts as a supplement. Look more and act less, and do not resist orders.
On the upside, set up shorts at the 9.95 to 10.0 mark, with a stop-loss at 10.2 to 10.3, stop loss of 500 points, and target at 9.90 to 9.80. If broken, look at 9.70 to 9.60.
On the downside, go long at 9.60 to 9.65, with a stop-loss at 9.55 to 9.50, stop loss of 500 points, and target at 9.80 to 9.90. If broken, look at the 10 mark.
I am a warrior in the cryptocurrency circle, always protecting the investors. I wish my fans financial freedom in 2024, let's work hard together! $BTC #比特币行情分析 #BTC行情分析