Crypto Circle Scholar: After the virtual breakdown of Bitcoin at 95500 on 12.30, a bearish trend swept in! Let's look at investment opportunities from the current market situation!
The current price of Bitcoin is 93500. In yesterday's article, I reminded that after the virtual breakdown of 95500, it moved south. Now, before this post, there has already been a 2000-point space that can be cashed out at any time. My advice is to cash out again and generally look at the previous lows for the remaining position. Do not rush to move north for now. After breaking below 93000, find opportunities to move north again. Do not always be eager to open a position. Once you learn to wait with an empty position, you have already surpassed 99% of people in the crypto circle. More practical experience has been updated; follow me.
The daily K-line has a maximum of 95350 and a minimum of 93350. The distance from the bottom EMA60 support of 91400 is not far now. Friends who are not moving south can wait for a pullback to 95000 before starting to move south. The overall trend of MACD is spreading downwards, DIF has fallen into the zero line, and DEA is also approaching the zero line. The temporary bearish situation and polarization indicate that the main force has the momentum for a pullback. Since it is a bearish trend, it is better to wait for a pullback before shorting. The lower track of the Bollinger Bands has dropped to 91500, and the middle track is still at 98850. Friends moving north can consider entering again after breaking below 92000, focusing mainly on moving south in the short term.
The four-hour K-line has broken below the key support, opening up space below. MACD has continuously decreased in volume and is spreading downwards, with DIF and DEA expanding downwards at low levels. Coupled with the trend indicators spreading downwards, the EMA15 pressure level has reached 94800. The strategy is to consider positioning short after a pullback to the trend line, following the trend while ensuring safety with stop-loss measures. As long as safety is ensured, leave the rest to time.
Short-term strategy reference: The market is not 100%, so always carry stop-loss; safety comes first. Small losses with big gains are the goal.
For moving north, trial entry points are from 93000 to 92000, with a defense at 91000, stop-loss at 500 points, and targets looking at 94500 to 95500, breaking below looking at 96500 to 97000.
For moving south, trial entry points are from 95000 to 95500, with a defense at 96000, stop-loss at 500 points, and targets looking at 94000 to 93500, breaking below looking at 93000 to 92000.
I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers achieve financial freedom in 2024. Let's keep going together!