Crypto Circle Mr. Coin: 12.5 Bitcoin (BTC) market analysis reference
Bitcoin’s bullish sentiment is warming up today, having broken through the 96000 resistance this morning as expected, currently nearing the 99000 position without breaking upwards again. However, the overall trend is starting to lean upwards. If it can break and stabilize around 99000, further gains are expected. In case of a breakout, consider taking a small position in long, and I hope all crypto friends are prepared in advance. The current trend is in a pullback consolidation, but the upward trend remains intact, so the strategy should be to enter long during pullbacks and follow through on breakouts, with support watching around the 96100 position, providing opportunities for long entry.
The daily MACD is in the negative zone with green bars shortening, indicating a weakening of downward momentum; in the 4-hour cycle, the DIF line crosses above the DEA line forming a golden cross, suggesting a possible continued rebound in the short term. The 4-hour RSI is close to 60 and has not entered the overbought zone, leaving room for further increases; the daily RSI is around 66, slightly high, and caution is needed for potential pullback risks. The current price is above EMA7 and is gradually approaching EMA30 and EMA120; a breakout will further confirm the upward trend. Both EMA7 and EMA30 are diverging upwards, enhancing support. It is recommended to focus on long positions during pullbacks, with opportunities to catch high short and low long.
Short-term reference for 12.5 Bitcoin:
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Short position, sell in the range of 99500-100000, defend at 101500, stop loss 102000, target below 96500
Long position, buy in the range of 94800-95500, target 500-800 points, defend at 63500, stop loss 300
There may be a delay in sending, strategy suggestions are for reference only, market conditions change rapidly, regardless of how confident you are in market predictions, always set take profit and stop loss to ensure safety.
