Market Review and Technical Analysis
Overall Trend
The general trend of Bitcoin is still bearish, and the current market sentiment is relatively cautious. In order to ensure the safety of funds, it is necessary to pay attention to key support points and set reasonable stop-profit and stop-loss. Although the daily K-line shows signs of rebound, the EMA trend indicator is still in a bearish state.
Daily Line Analysis
EMA indicator: The EMA trend at the daily level is still alternating downward, and the overall bearish atmosphere is strong.
MACD: MACD moves upward with shrinking volume, while DIF and DEA diverge and spread downward.
KDJ: KDJ closed upward, but the Bollinger Bands were still downward. The daily K-line fell below the lower track and returned to the balance point of 56,600.
Four-hour analysis
EMA indicator: The price returned to the EMA trend and began to hit the EMA30 pressure level of 58,300.
MACD: MACD increases in volume and moves upward, while DIF and DEA spread upward from low levels.
KDJ: KDJ fell back after being blocked at 58,300.
Bollinger Bands: The middle track 57500 is the balance point, the upper track pressure level is 60500, and the lower track support is 54300.
Recommendations
Comprehensive analysis
Bitcoin may rebound in the short term, but the general trend is still bearish. It is recommended to maintain a high-altitude mindset and pay attention to key pressure and support levels.
Specific strategies
Short on rebound
Entry point: Enter short positions within the range of 58300 to 58500.
Defensive point: Cover short positions at 60300 to 60500.
Stop loss: 60800
Target points: The first target is 57500 to 57000, the second target is 56000 to 55500. If it breaks, it will be 54000 to 54300.
Go long on pullback
Entry point: Enter long orders within the range of 52500 to 53000.
Defensive point: Add long positions at 50,500 to 51,000.
Stop loss point: 50,000 mark
Target points: The first target is 54500 to 55000, the second target is 56500 to 57000, and if it breaks, it will be 58500 to 59000.
risk warning
Market volatility: The current market is volatile, so you need to be cautious in your operations and set stop losses strictly.
News impact: Pay attention to major news about global economic policies and the crypto market, and guard against the risks of unexpected events.
Fund management: Reasonably control positions, avoid heavy positions, and ensure fund safety.
In summary, Bitcoin may fluctuate between key support and resistance levels in the short term, but the overall trend is still bearish. It is recommended to focus on rebound short selling, pay close attention to market changes, flexibly adjust strategies, and ensure the robustness and security of transactions.
