The BTC market sentiment is intense, do not chase highs or sell lows
Last night, MicroStrategy announced an increase of 15,400 BTC, while in the early morning, the U.S. government transferred 19,800 BTC, approximately 1.92 billion USD. The market quickly rose from 94,700 to above 97,400, then quickly fell back to around 94,400 for consolidation. This is similar to what Dayu recently emphasized: do not chase highs or sell lows in this back-and-forth market. Do not become sheep of the media and investment banks. Everyone should not be tempted or angered by the market. Be patient and wait for your suitable entry point.
In the past two days of Bitcoin market review, the highest price reached 97,400 and the lowest price 94,400. Unlike last week, where the EMA12 support was at 95,500, it has now fallen to 94,000. MACD is shrinking downwards with a top divergence situation, DIF and DEA are extending downwards from a high position, and the Bollinger Bands continue to contract. The upper resistance is at 99,000, and the middle support is at 94,000. KDJ is showing contraction. Given the trend of further exploration of the bottom, today’s operation will still focus on shorting to cope with market uncertainty, grasp potential opportunities while managing risks.
Considering the previous two publicly announced short positions above 98,000, as well as the short position at the highest rebound of 97,300 announced last night, the take-profit target is 93,800. Some fans and real-time clients are still holding reduced positions to maintain capital. Therefore, those who are doing short-term trading and are out of the market can patiently observe. If a suitable short entry point for a rebound occurs, Dayu will announce it as soon as possible for everyone to join in. Let the bullet fly for a while and patiently wait for Dayu to publicly announce the current price order.