Academician of currency circle: 12.9 Bitcoin bullish trend continues, wait for the opportunity to step back before getting on board!
The current price of Bitcoin is 99500. It is 3:30 am Beijing time now. There are less than five hours before the axis closes. Last week, we stepped back and went long all the way, and took a lot of space. The harvest is slow. Although there are only a few bottom positions currently held, it is also considered to be on the train.
Looking at the current market, the daily K-line is as high as 100500 and as low as 98650. The flag-shaped trend formed at a high level has a space fluctuation of 2,000 points in the consolidation stage. The EMA15 trend fast line support has reached 96700, but the key support EMA30 is still at 92200. The overall trend is still stretching upward. Even if the MACD is shrinking, it is still in the stage of increasing funds. The high-level diffusion of DIF and DEA remains unchanged. The Bollinger Bands have shrunk to the extreme. This week, it is expected to continue to open and spread, and there will be direction guidance. The upper rail pressure level has been lowered to 101300. , the lower track moved up to 92000, the middle track balance point is at 96700, those with skills can do long and short at the balance point at the same time
The four-hour K-line appears in a symmetrical triangle contraction stage, which is also a fishtail market, commonly known as the sideways stage. The current position of EMA15 is exactly where the K-line is, and it is still bullish. The MACD top divergence shrinks, and the DIF and DEA spread downward from high positions, and it is expected to spread further. The Bollinger Bands have also shrunk, and the upper track has reached 101500. The lower track focuses on 97300. If there is a sign of a downward retracement, don't rush to enter the market. Wait for the opportunity to get on the train and continue to go long when it retraces to the support, because the trend is bullish, all retracements are treated as inducements to short, and don't have the idea of killing the decline, because This is the idea with the lowest risk at present
Short-term idea reference:
103000 to 103500 above, short, stop loss 500 points, target 102000 to 101000, break 100000 to 99000
96000 to 96500 below, stop loss 500 points, target 97500 to 98500, break 99500 to 100500
91500 to 92000 below, defense 91000, stop loss 500 points, target 5000 to 10000 points free fall
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