10.11 Zhang Lihui: Bitcoin (BTC) market analysis and operation suggestions reference:
After the CPI data, the US stock market opened with a dive last night. After breaking 60,300, the big cake went short and collected the profit. The K line inserted below 59,000 to form a long lower shadow. From the current 1-hour chart, the market rebounded from the spike last night to EMA30 and the upper track of the Bollinger Band and then retreated again. The current Bollinger Band is opening and the upper track is also rising. From the low point in the early morning to the present, it has rebounded by nearly 2,000 points. Therefore, the upper space cannot be too exaggerated. Long orders can consider the EMA60-80 range to suppress profit or open shorts;
Because the 4-hour Bollinger Band trend is still downward, there are multiple moving average resistances above the K-line. Although the fast and slow lines are closing in a negative state, the shrinking volume is still not very strong. It is expected that the rebound strength of the white market will still be very weak. You can pay attention to the breakthrough strength of the middle track and EMA15 interval;
The daily Bollinger Bands channel changed its trend of closing for many days and opened downward. Last night, this wave of pins tried to open the space below, but the downward trend of the middle track line was alleviated. The short-term indicators are still downward, and a moving average concentration area is about to be formed. If it crosses the overlapping position of EMA120-80-60 again, there may be a large retracement. Will there be another big drop before the US election?
It is recommended to go short in the 60800-61400 range when the price falls back, and reserve the 61900-62100 range to cover the position above, with a stop loss of 62300; the take profit is 59900-58900-58300;
There is a delay in the review and push of articles. The market is changing rapidly. The specific entry opportunities must be combined with actual operations and subject to real-time notifications. The recommended points in the article are for reference only. Please set stop-profit and stop-loss when entering the market, and quit when you see good results!
I, Li Hui, interpret the world economic news and analyze the major trends in the global cryptocurrency circle. During my further studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL and other currencies. Friends who don’t know how to operate are welcome to leave comments!
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