BTC
The daily chart for Bitcoin shows a peak price of 97,300 and a low of 94,400, accurately retracing to the support of the EMA12 trend line. Unlike last week, when the EMA12 support was at 95,400, it has risen to 94,500 this week, presenting an entry opportunity. The current trend indicators remain bullish, although the MACD is decreasing with a potential top divergence, and both the DIF and DEA are extending downward from a high position. The Bollinger Bands continue to contract, with the upper pressure level at 100,800, while the middle support is approximately 94,100, and the KDJ is in a contracting state. Given that the trend's bottoming process seems unended, it is essential to set up defense and stop-loss levels to cope with market uncertainties, seizing potential opportunities while managing risks.
The four-hour chart shows a long bearish candle, following an unsuccessful attempt to push up to 97,000, and then a retracement to test the bottom at 94,400. The key now lies in the EMA90 trend line at 94,100; if this level breaks, the importance of the 90,000 mark cannot be overstated. The MACD is declining in volume, with the DIF and DEA approaching the 0 axis, and the lower Bollinger Band at 95,400 has been breached, while the K-line has returned to within the Bollinger channel. Focus on whether 97,000 can be broken; if not, partially take profits on long positions, and if it breaks, continue holding. In terms of operation, follow the trend, favoring long positions with some short positions as a supplement.
Key points for short-term trading strategy: The market is unpredictable, and there is no absolute certainty, so it is crucial to set stop-loss levels, prioritizing the safety of capital. The core pursuit and goal of short-term trading lie in exchanging a small stop-loss cost for opportunities for significant profits.
