Kong Boshi: The latest Bitcoin (BTC) market analysis reference on May 9, 2024:
First, let's review yesterday's situation. In the actual position operation of Bitcoin, we chose to make a long position in the range of 62300 to 62500, and set the stop loss at 62000. Although the daily K-line has fallen below 61800, the intraday price has returned to around 62700. We did not continue to increase long positions, but adjusted our thinking in the range of 62300 and 62500 and began to arrange short positions. Our goal is to look at the support of the range of 61500 and 61100. If the price does not break this support range, we will exit above 61000. It is recommended that you pay close attention and refer to this operation idea.
The current price of Bitcoin is close to 62650, and the overall trend is close to the upward pressure level. It can be seen that there is strong pressure near this position, and the overall trend has changed from long to short. The daily K line has fallen below 62000, and we need to pay attention to the support level of 61100 of the trend indicator EMA90 below. The KDJ indicator closed downward, and MACD showed a large increase in volume, but the DIF and DEA spread at a low level and were under pressure from the 63000 mark. The pressure level of the Bollinger Band is 63300, and the support level of the lower track is 59300. We need to closely observe whether the n-shaped transition will be formed.
In the four-hour K-line, the price is under pressure from the trend indicator EMA60 at 62700. It can be seen that there is a lot of momentum in the range of 62700 to 63000, but the upward resistance shows that the pressure near this position is effective. The KDJ line formed a golden cross, MACD showed a shrinking increase in volume, and DIF fell below the 0 axis and opened downward, indicating that there is still room to go below. Our short-term thinking remains unchanged. The support level of the lower track of the Bollinger Band is 61900. The overall trend is in the bottom-building stage, so we believe that the short position is mainly short and the long position is supplementary.
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