1.2 Thursday Intraday Trading Ideas
Currently, the market shows that Bitcoin's overall structure has not experienced significant changes and remains in a wide-ranging fluctuation pattern. The price fluctuates between the upper range of 95,500 and the lower range of 92,000. Although there was a rebound last night, it failed to achieve a strong breakout and eventually fell back to around 95,000 for consolidation.
From the analysis of the 4-hour chart, the current price is sliding from the upper Bollinger Band towards the lower band, already below the upper band. The MACD indicator's double lines are approaching the peak and show a corner after rising, indicating that bullish momentum is gradually diminishing. The KDJ indicator's three lines crossed and are diverging downwards, with the gap continuing to widen. Overall, the current Bitcoin market is showing a corrective trend, and in terms of operational strategy, it is advisable to select suitable high positions to short.
The intraday trading suggestion is to short around the range of 96,000 - 96,500, with target price levels focusing on the range of 94,500 - 93,000.
In this vast world, our encounter is all fate! There are many fine horses, but it is difficult to find a discerning talent. Just as the fine horse achieves the reputation of the discerning talent, the discerning talent also provides the opportunity for the fine horse to gallop. Therefore, choice is crucial.
