BTC
Bitcoin daily chart shows that its highest price reached 97300, the lowest price 94400, accurately retracing to the support of the EMA12 trend line. Unlike last week, when the EMA12 support was at 95400, this week it has risen to 94500, presenting an entry opportunity. The current trend indicators still show a bullish stance; although the MACD is decreasing and there is a top divergence, the DIF and DEA are extending downwards at high levels, and the Bollinger Bands are continuously contracting, with the upper band resistance at 100800, the middle band support around 94100, and the KDJ is in a contracting state. Given that the trend's bottoming seems not yet finished, it is essential to set up defense and stop-loss levels to cope with market uncertainties, grasp potential opportunities while managing risks.
The four-hour chart currently shows a long bearish candle; previously, the bullish attempt to push to 97000 was unsuccessful, and it fell back to test the bottom at 94400. The key now lies at the EMA90 trend line at 94100; once it breaks, the 90000 level becomes extremely important. The MACD is decreasing in volume, the DIF and DEA are approaching the 0 axis, and the lower band of the Bollinger Bands at 95400 has been lost, with the K line now returning to the Bollinger channel. Focus on whether 97000 can be broken; if not, partially take profits on long positions, and if it breaks, continue to hold. The operation should follow the trend, primarily long and secondarily short.
Key points for short-term trading strategy: Market conditions are unpredictable, and there is no absolute certainty, thus it is crucial to set stop-loss levels and prioritize the safety of capital. The core pursuit and goal of short-term trading is to exchange a small stop-loss cost for a chance of significant profit.
