Crypto Circle Academician: 11.8 Bitcoin Short Hunting in Progress, Historical Highs Not to Chase

　　Current Bitcoin price is 75800, it is now 10:35 AM Beijing time, short hunting continues, where has everyone's average price adjusted to? Has it reached above 76000? Sorry, our average price has reached 76400, the main force is stretching, a significant level has shown a top divergence, at this time it is not advisable to chase long, it is easy to get trapped, so we adopted this trading model, continuously adjusting positions to raise the average price to operate, avoiding missing the opportunity to get on board,

　　Looking at the order book, yesterday's daily K-line once again broke the historical high to reach 76850, the EMA15 trend fast line is still stretching, providing support for the K-line, it is expected to start slowing down around 72000, MACD top divergence is increasing, DIF and DEA are expanding at high levels, the Bollinger Bands are opening upwards, the K-line has returned to the Bollinger channel upper rail line 75750 standing point, even if it does not reach within the channel, it will still oscillate around the Bollinger Bands, KDJ upward expansion trend has entered the overbought area, short hunting is valid and continues to hold

　　The four-hour K-line is fluctuating upward, the EMA15 support has reached 74300, pay attention to the next EMA30 key node support at 72500, MACD top divergence has also started to increase volume downward while the K-line is diverging upward, the Bollinger Bands upper pressure level has reached a terrifying 79100, the middle rail is still reasonably supported at 72900, KDJ has begun to form a death cross and is expanding downward, overall trend shows strong resistance above 76000, effective short layout, hold patiently, wait for the trend to come

　　Layout Reference: Trend layout high position short hunting continues, market conditions are not 100% so always manage stop-loss, safety first, small losses for big profits are the goal

　　Holding shorts from 76000 to 76500, target looking at 73000 to 72000, if broken looking at 71000 to 70000, the mindset is not to chase long at historical highs, continue to adjust positions to short and constantly raise the average price, make good use of high leverage and low position advantages, after adjusting the positions hold, this is a good time to do trend trades, do not do ultra-short

The essence of trading is survival, I hope you understand, I am a warrior always protecting the retail investors, wishing my fans achieve financial freedom in 2024, let’s work hard together!

You can refer to the previous posts for ideas, updated daily, there are also updates on practical operations, for more practical records consult the author, welcome to leave messages in the comment area $BTC #比特币行情分析