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Coin Circle Academician: 2024.5.11 Bitcoin (BTC) latest market analysis reference:
As of press time, the current price of Bitcoin is 60400. The daily K-line has turned back and broken through the previous low support of 60600 to the lowest level of 60150. It has also fallen below the support of EMA trend indicator 90 at around 61000. Judging from the overall trend structure, the market will still return to above EMA90, so the conventional idea is to arrange more in advance. KDJ alternates downward and then spreads downward. MACD moves downward with large volume. The upward movement is blocked at 63500 and the downward movement is blocked at 60000. DIF and DEA shrink below the 0 axis. The daily K-line has also fallen from the Bollinger Bands' middle support of 63000 to the inside of the downward channel. According to the normal trend, it is very likely to reach the lower track support of 58800, but it may not reach the short-term level. The market is biased towards reversal at the weekend, and the recent news has made the market extremely unstable. The thinking is mainly stable.
A very long negative line appears on the four-hour K-line, which directly penetrates from the top of the EMA trend indicator. It is a typical moving back trend. The market's bearish sentiment is fully stretched. KDJ opens downward and spreads, MACD shrinks and moves downward, and the original upward opening trend of DIF and DEA turns back downward. The Bollinger Bands are supported by the four-hour K-line falling directly from the upper track to the lower track. This trend has appeared many times, and the number of times it turns back is more than the number of times it dives. There are also signals for long positions to be built, so you can start to layout. In terms of thinking, long is the main in the short term, and short is the auxiliary.
The reference for ultra-short contract ideas is as follows: Currently, the real warehouse layout is long-term holding
Long entry point reference: 60200 to 60400 range layout, exit point reference 61500 to 62000 range, you can leave the market if it does not break, and you can add positions at 59700 if it breaks the previous low, with a stop loss of 59400.
Short entry point reference: 62000 to 62300 interval layout, exit point reference 61000 to 60500 interval, stop loss 62500, (the current trend has experienced a wave of wash-out and then the volatility is likely to be repaired sideways)
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!
