BTC
The current price of Bitcoin is 75000. Yesterday, it was mentioned that Bitcoin has entered the short position hunting zone and it can start hunting. Entering the market at 73500 to the final adjustment, most students have adjusted their average price to above 75000, with only a few students' average price around 74000. Continue to hold, as short position hunting is not achieved in a day. The specific targets are to first look at the support between 71500 and 72000, and then decide whether to take profits, focusing on the major support point at 69000.
Looking at the current daily candlestick, it broke the historical high last night, reaching 76400, then fell back to 75000 and is now consolidating. The EMA15 trend quick line support has stretched to 70300, and the trend 30 has come to 68500. There is a vacuum area of two thousand points in between. The MACD is increasing with volume, while accompanied by a top divergence trend, indicating that the market may reverse at any time. Patiently wait for the trend to arrive. After the Bollinger Bands are broken, I mentioned that it would return to the Bollinger channel. Currently, the quick line has returned to the upper track of the Bollinger Bands around 74450, and will soon return to the channel. The middle track support is at 69500.
The four-hour candlestick has started to fall back, continuously pulling down. Focus on the neckline position at 74300. After breaking this level, those who have not entered can take short positions here. Pay attention to the EMA15 quick line support at 72700 and the trend indicator EMA30 support at 71450. The KDJ has formed a dead cross, and the higher-level trend is in the overbought area. At this time, trying short positions is not wrong. As mentioned before, when the market enters our trading range, we can try positions. We are doing the right thing.
Layout Reference: Trend layout high position short hunting has begun. The market is not 100%, so be sure to set good stop losses. Safety first, small losses and large profits are the goal.
