Coin Circle Academician 7.14: Short Bitcoin at 59500! Is it brave or reckless? The latest market analysis and interpretation, trend reversal or trap to lure more investors?
The fundamental of trading is survival, followed by profit. I hope you can understand. I am a coin circle academician, a warrior who has been protecting leeks. I wish my fans to achieve financial freedom in 2024. Come on! As of 1 a.m. before the release of this article, the highest daily K-line has not broken 59,000. The bulls are rising slowly. The EMA trend indicator is shrinking, and the decline is blocked. The EMA15 fast line resistance point has come to 590,000. The MACD shrinking volume has ended and began to increase the volume and increase the funds. The DIF and DEA are spreading upward at low levels. The KDJ opens, and the K-line has come to the resistance point below the Bollinger Band 59,500. Both the upper and lower rails have begun to shrink. According to this situation, the overall trend has not changed. After the top pressure, there will be a wave of bottoming market. The downward trend rises but does not break the trend line. The idea is still the same as before. Go short at the pressure point, set a stop loss, and leave the short position after breaking the trend and wait for the next entry opportunity. As long as the general trend is still empty and has not changed, don't easily change your thinking. Academicians in the currency circle often say that some markets are better to miss than to make mistakes. That is because when the general trend is empty, you must control your hands in a clear bullish trend, but the general trend is empty. Under such circumstances, shorting at the pressure level must be done, even if it is wrong, and follow the trend.
Because we are operating at the minimum resistance level, what we have to do is to follow the trend. Where is the direction of the market trend? Determine the key resistance level of the market. After determining it, we will trade along the minimum resistance level. This is to follow the trend, which is also what we often say that the trend is king.
Short-term ideas:
Try short positions in the upper 59300 to 59500 range, and pay attention to the 60000 to 60500 range to cover short positions. Lose 500 points, exit at 58500 to 57000 and pocket
The range below 55500 to 56000 is not broken, the target is 57500 to 58500, break to 59500, loss 55000
The suggestion is for reference only, risk at your own risk $BTC #BTC合约 #比特币合约
