2024.4.6 Coin Circle Academician Analyzes the Latest BTC Market: Stabilize at 68,000, Bulls Are Expected to Continue
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[Overnight Foreign Market] The three major U.S. stock indexes closed up collectively, with the Dow Jones up 0.80%, the Nasdaq up 1.24%, and the S&P 500 up 1.11%; the March non-agricultural data far exceeded expectations, and the probability of the Fed's interest rate cut in June decreased; the international gold price rose by 1.6%, setting a new record high.
$Bitcoin (BTC) latest market analysis reference
Yesterday, the idea given by Bitcoin was a long idea of 66,000, and non-professionals were reminded not to chase the short. The market was almost exactly the same as predicted. After the market fell back to the 66,000 mark, it stretched back and reached the highest Bollinger Band pressure level of 68,500. This wave of 2,500 points is enough to eat a wave, so there is no need to choose to chase the short. After all, the risk of chasing the short at this time is greater than the benefit (when the risk is greater than the benefit, it is common sense to wait and see)
Let's look at today's market. As of press time, the current price of Bitcoin is near the 68,000 mark. This time it depends on whether it can stand firm at this mark. If it stands firm, the longs will continue. If it doesn't stand firm, it will enter and maintain a wide range of fluctuations. The daily K-line is really in EM The intersection of 15 and 10 at the top of the A trend indicator is 68000, and the EMA30 support point below is moving up to 66600.
(If the daily K-line returns to EMA30 this time, it will be the best indicator. If it returns to this position, it means that the bottom is stable and the long position can be opened at any time, and you can start to layout much lower). This is just a digression. The current trend of KDJ is closing. The speed is not fast, but the trend is positive. However, MACD has been shrinking and increasing for three days. In addition to the top divergence trend, the probability of a reversal in the market is very high. This needs to be paid attention to (you must develop the habit of setting a stop loss to prevent the direction from being wrong and missing the opportunity to remedy the situation). The Bollinger Bands opened above the middle track support point of 67700. It is expected that the time to stabilize will not be enough. There will be a wave of callbacks in the short term. Pay attention to it.Let's look at the current market of the ultra-short trend four-hour K-line. The EMA trend indicator has closed (the main force has begun to accumulate power and there is a possibility of stretching). The trend indicator 4 lines have begun to cross upward, the energy indicator is bullish, the Bollinger Bands have begun to rise slightly, the upper rail pressure is rising (68850) and is still rising, the middle rail support is also rising (66850), MACD has a large upward trend, DIF and DEA are spreading upward from low levels, and it is expected that DIF will rise above the 0 axis during the day, forming a polarization. After the formation, the long and short amplitudes will become larger. After the KDJ closes, the overall idea of the range is still based on the low and long mentioned yesterday. There is a wave of shorts in the short term that can be closed Note
The specific operation ideas are as follows: the first entry point for long positions is 67500, the second entry point is 67000, and the stop loss point for long positions is 66500 (the lower support point is slightly lower near 66600 to prevent being swept). In the short term, low-long positions are the main focus. It is not recommended to chase short positions. There is no idea of short positions. The first exit point above is 68500, and the second exit point is 69250. For details, please consult the author. The operation is based on the real-time data of the market. For more information, please consult the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by yourself.
This article is exclusively contributed by the academician of the currency circle and only represents the exclusive views of the academician. There is an in-depth study of BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk. Please indicate the source for reprinting. Reasonably control the position when making orders, and do not operate with heavy or full positions. Academicians also hope that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond and follow it; when there is no trend, observe and be quiet. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. Academicians of the currency circle wish you a happy investment!
