Academician of currency circle: 12.3 Bitcoin bulls remain unchanged, all retracements are inducements to short! Opportunities should not be missed!
The current price of Bitcoin is 95700. It is 2:45 am Beijing time. Let’s review yesterday’s reminder to everyone to survive first, keep the chips in your hands and don’t get on the train easily. How about this wave of main force profit-taking and liquidation of many bulls, stubborn and unbelieving? So this wave of retracement market has a lot more voices of shorting, but the academician still believes that in the case of unchanged bullish trend, all retracements are inducements to short, so I went long at 94500 and currently hold it
Look at the daily K-line of the market, the highest is 97200, the lowest is 94400, just retracement to the EMA15 trend fast line support, a week later, the K-line retracement trend indicator, last week EMA15 support point was 91500, this week the support point came to 94500, this is the reason why I got on the train, trend indicator The bullish trend remains unchanged, MACD shrinks downward, and the top divergence trend remains unchanged. DIF and DEA spread downward from high positions, and the Bollinger Bands are still shrinking. The top upper rail pressure level has reached 100800, and the middle rail support is focused on 94100. KDJ shrinks. The trend currently seems to have not ended, so necessary defense and stop loss must be taken well.
The four-hour K-line has a very long Yin line. The first Yang line failed to pull up 97000, and now it has fallen back to the bottom of 94400 and broken the EMA60 support of 95500. The key point is the EMA90 trend line at 94100. If it breaks, it is very likely to bottom out at the 90,000 mark. MACD is shrinking downward, DIF and DEA are close to the 0 axis, and the lower track of the Bollinger band at 95500 is lost. At present, the K-line has returned to the Bollinger channel. The focus is on whether 97000 can be broken. If it does not break, take part of the long orders for profit. If it breaks, continue to hold and follow the trend. Long is the main and short is the auxiliary.
Short-term ideas for reference:
Lower 94500 to 94000, stop loss below 94000, the target Target 95500 to 96000, break 96500 to 97000
Short above 96500 to 97000, stop loss above 97500, target 95500 to 95000, break 94500 to 94000
Currently holding more than 94500, so if the long position is stopped out, wait for the next wave of bottoming out at 90,000 to continue long position trial, if there are more, exit with a small loss, if it is right, hold the target unchanged,
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