Crypto Circle Academician: Market sentiment is high for Bitcoin at 11.7! Short hunting begins, seize the opportunity for a downturn!
Bitcoin's current price is 75000. As mentioned yesterday, Bitcoin has entered the short hunting zone, and hunting can begin. From 73500 to the last adjustment, basically most students have adjusted their average price to above 75000, with only a few students' average price around 74000. Continue to hold; short hunting is not a one-day effort. The specific target is to first observe the support between 71500 and 72000, then decide whether to take profits, with a key reference point being the large support level at 69000.
Let's look at the current daily K-line. Last night it broke historical records and reached 76400, then fell back to 75000 and consolidated. The EMA15 trend fast line support has stretched to 70300, and the trend 30 has reached 68500. There is a vacuum area of two thousand points in between. MACD has increased upward with added positions, accompanied by a divergence trend at the top. The market could reverse at any time, so patiently wait for the trend to arrive. Once the Bollinger Bands are broken, I mentioned it would return to the Bollinger channel. Currently, the fast line has returned to the upper Bollinger Band around 74450 and will soon return to the channel. The mid-band support to watch is 69500.
The four-hour K-line has begun to fall back, continuously pulling down. Pay attention to the neck line at 74300. If it breaks, those who haven't entered can go short here. Watch the EMA15 fast line support at 72700 and the trend indicator EMA30 support at 71450. KDJ has formed a dead cross, and the large trend is in the overbought area. At this time, there's nothing wrong with trying short positions; it’s still the same old saying—when the market enters our trading range, we can test positions. We are doing the right thing.
Layout reference: Trend layout for high-level short hunting has begun. The market is not 100%, so always set a good stop-loss. Safety first; small losses and big profits are the goal.
Holding shorts from 75000 to 75500, defend at 76400 for adjustment to short, target looking at 72500 to 71500, if broken, look at 70000 to 69500.
Still the same saying: don’t chase high historical prices for longs, continue to adjust positions to short and pull up the average price. Make good use of the advantages of high leverage and low positions, hold after adjusting positions, and do trend trading, don’t do ultra-short.
The real position short has been published before; there’s no need to show off by publishing it again. Suggestions are for reference only.
I am a warrior who has always been protecting the retail investors. I wish my fans financial freedom in 2024; let’s work hard together!
