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Coin Circle Academician: 2024.5.9 Bitcoin (BTC) latest market analysis reference:
Let's review the market first. Yesterday, most of the layout points of Bitcoin real-warehouse operations were in the range of 62300 to 62500, with a stop loss of 62000. The lowest daily K-line has fallen below 61800. Although it has returned to around 62700 during the day, there is no layout of long positions. Instead, the thinking is changed to layout short positions in the range of 62300 and 62500. The target is the support of the range of 61500 and 61100. If it does not break, it will be out above 61000. You can pay attention to it for reference.
As of press time, the current price of Bitcoin is around 62,650. The overall trend has reached the upward pressure level. It can be seen that there is strong pressure near this position. The overall trend has turned from bullish to bearish, and the thinking is mainly bearish. The daily K-line fell below 62,000. Pay attention to the support of 61,100 of the trend indicator EMA90 below, KDJ closed downward, MACD increased in volume, but the upward diffusion of DIF and DEA from low levels was blocked by the pressure of 63,000. The Bollinger Band’s middle pressure level is 63,300, and the lower track support 59,300. Can it transition to an n-shape?
The four-hour K-line is blocked by the pressure of the trend indicator EMA60 at 62700. It can be seen that there is a lot of kinetic energy concentrated in the range of 62700 to 63000. The upward obstruction shows that the pressure near this position is effective. The KDJ line forms a golden cross, MACD shrinks and increases, and DIF falls below the 0 axis and opens downward to spread, indicating that there is still room below. The short-term idea remains unchanged. The lower track support of the Bollinger Band focuses on 61900. The overall trend is in the bottom-building stage. The idea is to focus on the short position and the long position is supplemented.
The ideas for ultra-short contracts are as follows:
The entry point for long positions is 61100 to 61300, and the exit point is 62000 to 63000 for free-falling, with a stop loss of 400 points.
The entry point for short selling is 62500 to 62700, and the exit point is 61500 to 61000 for free fall, with a stop loss of 400 points
(The downward trend line has been broken, so you can go short as the main strategy. The space below is wide open. Although you should pay attention to the support around 61,000 in the short term, the long-term support is around 58,000, so you can go short on rallies.)
The specific operation ideas are mainly based on the market data. For more information details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.
This article is exclusively contributed by the academician of the currency circle, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and stay calm. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the currency circle wishes you a happy investment!
