Cryptocurrency expert: 12.5 Bitcoin (BTC) market analysis reference
Bitcoin's bullish sentiment has warmed up during the day, breaking through the 96000 resistance in the morning as expected and rising. Currently, it is near the high around 99000, but it has not broken above again. However, the overall trend begins to lean towards the upside. If it can break and stabilize around 99000, the expected increase will continue. If it breaks, small positions can be added to long positions. All cryptocurrency friends should prepare in advance. The current trend is in a pullback consolidation, but the upward trend has not been broken, so the strategy is to enter long on pullbacks and follow up on breakouts. Support below is around 96100; if the opportunity arises, enter long positions.
The daily MACD is in the negative zone and the green bars are shortening, indicating that the downward momentum is weakening; meanwhile, in the 4-hour timeframe, the DIF line crosses above the DEA line forming a golden cross, suggesting a potential short-term rebound. The 4-hour RSI is close to 60, not yet in 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 gradually approaching EMA30 and EMA120. A breakout will further confirm the upward trend. Both EMA7 and EMA30 are diverging upwards, increasing support strength. It is recommended to focus on long positions during pullbacks, while managing high shorts and low longs within the range.
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 at 102000, target below 96500.
Long position, buy in the range of 94800-95500, target 500-800 points, defend at 63500, stop loss at 300
The message has a delay; strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate your market judgment may be, always manage your take profit and stop loss well, securing your gains.
