The early morning pancake at $BTC is hitting a new high, pulling back from 106684 to around 105000.
Moreover, the Hangzhou sentiment has been oscillating upwards over the weekend. When there's a pullback, it's time to set up for a shot.
Currently, both the hourly and four-hour MACD are showing a bullish crossover.
However, the smaller timeframe needs to adjust, and so far, it is important to pay attention to the small-level pullback. Be patient and wait for the pullback to end, go with the trend, and be cautious when shorting in a bull market.
The daily K-line reached a high of 106665 and a low of 101230. The EMA15 trend indicator's fast line has stretched beyond 99000, continuing the bullish trend. The EMA30 trend support point is at 95300. The MACD is shrinking but accumulating, with the DIF and DEA contracting at high levels, indicating a divergence at the top and a continuation of the trend. Overall, it seems that the main force might stretch at any time to continue refreshing historical records. After a contraction, the Bollinger Bands show signs of opening, and the K-line has also reached the upper Bollinger Band at 103555. The KDJ is opening upwards, indicating a trend ready for action. I do not recommend chasing gains or cutting losses; my thought process is clear: the bullish trend is good, but I won't act if the trend doesn't adjust.
The four-hour K-line has continuously moved up with bullish candles, indicating a slow rising market. Whether it is a false rally or a false drop, entering the market at this time carries more risk than reward. Be rational; when the risk outweighs the reward, it’s better to preserve the chips in hand to survive for the future. The MACD is increasing in volume, typical of a divergence at the top, and the DIF and DEA are expanding at high levels, which are classic bullish indicators. Additionally, the four-hour Bollinger Bands have opened upwards, breaking above 103600, with the overall trend entering overbought territory, which is a critical point.
Shorting trial entry points are from 105500 to 105000, with a stop loss if the historical high is broken, aiming for 1000 to 2000 points.
The second shorting trial entry points are from 107000 to 107500, with a stop loss of 500 points, targeting 2000 to 5000 points.
The trial buying entry points are from 101000 to 100500, with a defense at 100000, stop loss of 500 points, targeting 102000 to 103000, and if broken, aiming for 103500.
