As of now, the price of Bitcoin is close to $62,000. The daily chart shows that the price has obvious support at the EMA trend indicator of 61,000, and the lowest price has dropped to around 60,600. For two consecutive days, the price has been supported at 61,000, which shows that the support strength at this position is relatively strong. The KDJ indicator shows signs of closing resistance. Can it reverse upward? The MACD indicator shows a large volume increase, and the DIF and DEA spread upward from the original short position, all of which suggest that a rebound may occur. However, the pressure level in the Bollinger Bands is 63,100, and the support below is 59,000. Overall, the market still shows a strong short trend. In this case, if the price reversal is blocked at 61,000, it is likely to enter a sideways repair phase, and if the upper side fails to break through 63,300, the bullish momentum will not be revealed, especially in the case of sideways trading over the weekend.
On the four-hour chart, a long positive line appeared, directly breaking through the EMA15 pressure level of 62100, but the highest was blocked at 62700. The KDJ indicator spread upward, indicating that the space above the K line has not been fully released. The MACD indicator shows a shrinking growth trend, and the DIF and DEA close below the 0 axis. The short-term bullish trend is relatively strong. Although the price once broke through the pressure level of the middle track of the Bollinger Band, the overall trend is still biased towards the bears and has not yet reversed. Therefore, we need to be prepared for both directions.
Regarding the idea of ultra-short-term contracts, the following aspects can be considered:
1. If you notice that the 63000 to 63300 range has not been broken, you can arrange a short position, and the exit reference is the 62500 to 62000 range. For the remaining positions, you can consider stopping losses at the support level of the 61000 to 61500 range, and the stop loss point is 400 points.
2. If the price breaks through the 63000 to 63300 range, you can follow the trend and go long, and exit with a reference to the trend exchange point of 64000 to 64500. After reaching this range, you can consider a steady exit and wait for new long and short signals to enter the market again, with a stop loss of 400 points.
3. In terms of ultra-short-term trend layout, you can consider deploying long positions in the range of 61500 to 61800, with the exit reference range of 62500 to 63000 and the stop loss point at 300 points.
To sum up, considering the market conditions and technical indicators, we need to be cautious and be prepared in both directions.
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