BTC
The current price of Bitcoin is 76029, the short position hunting continues, where has everyone adjusted their average price to? Has it reached above 76000? Sorry, our average price is at 76400. The main force is stretching, and a top divergence has appeared on a larger scale. At this time, it is not recommended to chase long positions as it is easy to get trapped, so we have adopted this trading model of constantly adjusting positions to pull the average price to operate, avoiding missing the opportunity to get on board.
Let's take a look at the order book. Yesterday's daily K-line broke the historical high again, reaching a historical peak of 76850. The EMA15 trend fast line is still stretching to provide support for the K-line. It is expected to start slowing down around 72000. The MACD shows a top divergence with increasing positions. DIF and DEA are expanding at a high level. The Bollinger Bands are opening upwards, and the K-line has returned to the upper rail line of the Bollinger channel at 75750. Even if it does not go into the channel, it will still move back and forth around the Bollinger Bands. The KDJ upward expanding trend has entered the overbought area, and the short position hunting is effectively continued to hold.
The four-hour K-line is fluctuating upward. The EMA15 support has come to 74300. Pay attention to the next EMA30 key support level at 72500. The MACD top divergence has also begun to increase volume downward while the K-line has diverged upward. The Bollinger Bands have opened, with the upper rail pressure level reaching a terrifying 79100, while the middle rail is still a normal support at 72900. The KDJ has begun to form a death cross and is expanding downward. Overall, there is very strong resistance above 76000, and the short position layout is effective. Be patient and hold on, waiting for the trend to come.
Layout reference: The trend layout for high position short hunting is ongoing. There is no 100% certainty in the market, so always set a stop loss. Safety first; small losses and big profits are the goal.
