Crypto Circle Scholar: After Bitcoin broke below 95500 on 12.30, the bearish trend swept in! Analyzing investment opportunities based on the current market!
Current price of Bitcoin is 93500. In yesterday's article, I reminded that after breaking 95500, it headed south. Before this publication, there has already been a 2000-point space that can be realized anytime. My advice is to cash out the remaining positions and continue to watch the previous lows, and do not rush to go north for now. After breaking below 93000, look for opportunities to go north again. Don't always be in a hurry to open positions. Once you learn to wait on the sidelines, you will surpass 99% of people in the crypto circle. More practical updates have been released, follow me.
Daily K-line highest at 95350, lowest at 93350, close to the bottom EMA60 support at 91400. Friends who do not want to go south can wait for a pullback to 95000 before heading south. The overall trend of MACD is expanding downwards; after DIF dips below the 0 axis, DEA is also approaching the zero axis. The temporary bearish trend's polarization indicates that there is momentum for a pullback. Since it's a bearish trend, it's better to wait for a pullback before shorting. The lower Bollinger Band has dropped to 91500, the middle band is still at 98850. Friends heading north can consider entering again after breaking below 92000, focusing on going south in the short term.
The four-hour K-line has broken below the key support, opening up space. MACD continues to shrink downwards; both DIF and DEA are spreading downwards at low levels, combined with trend indicators stretching downwards. The EMA15 resistance level has reached 94800. The strategy is to consider shorting after a pullback to the trend line, following the trend while ensuring defensive stop-loss measures. As long as safety is ensured, leave the rest to time.
Short-term strategy reference: The market is never 100% certain, so always have a good stop-loss. Safety first; small losses and big gains are the goal.
Northward trial position at 93000 to 92000, defense at 91000, stop-loss of 500 points, target looking at 94500 to 95500, breaking level at 96500 to 97000.
Southward trial position at 95000 to 95500, defense at 96000, stop-loss of 500 points, target looking at 94000 to 93500, breaking level at 93000 to 92000.
I am a warrior in the crypto circle, always protecting the investors. I wish my followers achieve financial freedom in 2024. Let's work hard together!