$BTC Bitcoin is currently priced at around 58,000. After yesterday's wave of short selling, the daily K-line turned back to the EMA30 resistance level of 58,500 today, and has been testing the strength of this position. MACD has ended its shrinking volume and started to increase its volume. The bulls who formed a golden cross at the low level of DIF and DEA clearly dominated the market. Now it depends on whether the daily K-line can break the Bollinger Band's medium pressure level of 58,500, because KDJ has been spreading upward for a while. If it can't go up, it will be at 58,500. The position is fluctuating in the range. It is already the weekend.
Those who have arranged more than 56,300 can choose to cash out part of it near 58,500. Don't rush to leave the market for the rest. The profit of this order has been obtained. At least more than twice the margin has been cashed out. When to cash out the rest depends on the market. The four-hour K-line retraces the EMA15 and 90 contraction points of 57,300, which clarifies the intraday support. The support continues to stretch effectively. The overall trend of EMA shrinks upward, the MACD volume decreases, and the DIF and DEA upward diffusion show a top divergence. Although it has just appeared, you should pay attention to it.
The Bollinger Bands are closing. The K-line is currently hitting the upper rail 58,650 pressure level. KDJ is also spreading upward. From the overall trend, the bulls have a certain advantage, but they have encountered relatively strong pressure. Whether it is a large or small level pressure level, it is basically in the 58,500 range. Those who have not entered the market can consider stepping back to support and continue to buy. If you encounter strong resistance at a high level, you can try to go short.
Short-term thinking reference: The market is not 100%, so you must bring a good stop. Safety is the first priority, small losses and big profits are the goals
Lower 57300 to 57000, stop loss 300 points, target 58000 to 58500, break 59500 to 60000
Above 59500 to 59000 short, defense 60200 to 60500 short, target 58500 to 58000, break 57500 to 57000, stop loss 500 points
