Cryptocurrency Scholar: Voices of Bearishness are Frequently Appearing at 12.8 Bitcoin! Can Bullish Confidence be Maintained?
Current Bitcoin price is 100200, it is now 4:30 AM Beijing time, after playing for two days, just returned to the studio from nightlife, and saw that Bitcoin is still at 100000, indicating that the bullish trend continues. So let's follow this line of thought; all pullbacks are opportunities to go long. The market is gradually recovering, but there are many bearish voices emerging, do not be disturbed by these voices. Remember that under the condition that the large-scale trend remains unchanged, all pullbacks should be treated as traps for shorts, which is also our opportunity.
Looking at the market, Bitcoin's daily K-line had a high of 100400 and a low of 98850. The EMA trend indicator maintains a bullish trend, and the EMA15 has reached 96300. This week, there was a pullback trend to EMA30, focusing on the key support of 91650 and the first support of 96300. MACD is increasing with reduced volume, DIF and DEA are spreading at high levels unchanged, and the Bollinger Bands are still contracting. The upper band focuses on 101500, and the middle band focuses on 96300, maintaining a bullish trend.
The four-hour K-line is continuously rising slowly, with EMA15 short-term support focusing on 99450. MACD is reducing volume, and DIF and DEA are contracting at high levels. The market is entering a consolidation phase, and the Bollinger Bands are contracting. The upper band focuses on 103000 as a point for short testing, while the lower band support at 96300 serves as the first testing point for longs. Overall, at this position, both bulls and bears have certain space. Some fans have opened both long and short positions at the 100000 mark and asked me about these two positions, which can be referenced. The thought process is to maintain good stop-losses for intra-day ultra-short trades; if there’s an opportunity, sit there.
Short-term strategy reference: The market is not 100% certain, so always maintain good stop-losses; safety first, small losses, and big gains are the goal.
For the upper side, from 103000 to 103500, short with a stop-loss of 500 points, targeting 102000 to 101000; if broken, look at 100000 to 99000.
For the lower side, from 96000 to 96500, long with a stop-loss of 500 points, targeting 97500 to 98500; if broken, look at 99500 to 100500.
For the lower side, from 91500 to 92000, long with a defense at 91000, stop-loss of 500 points, targeting 5000 to 10000 points for a free take profit.
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