8.10 Zhang Lihui: Fast rise and slow fall, short-term shock retracement continues to see more range support? Where are the opportunities for low-long and high-short Bitcoin today? The latest Bitcoin (BTC) market analysis and operation layout reference #美联储何时降息? $BTC
Yesterday's Bitcoin market rose beyond expectations. It can be seen that the price of the currency was also under pressure from the 4-hour EMA250 to form a decline. Li Hui also emphasized in the offline guidance that as long as the 63500 level is not broken during the day, it will still fall. According to the short order given in the article yesterday, the 61600-61900 range is still valid; Sure enough, the market successfully reached the 59600 position given by the circle of friends last night to reduce positions or stop profits, and the coin friends who followed up also successfully got 2000 +'s rice;
Then we continue to look at the 1-hour chart. The current Bollinger Band channel continues to close downward, and the K line has been oscillating and retreating in the channel. The evening market retreated to the EMA30-EMA200 range and then pulled back to the current position above EMA250. The short-term EMA10 and EMA15 continued to decline to form a short-term pressure. Then we can continue to refer to the support of the EMA30-EMA200 range for retracement and take more. For defense, we can focus on the bottom of EMA200. It can be seen that DIF and DEA have fallen close to the 0 axis after the high-level dead cross, and there is no obvious sign of closing or turning, indicating that there is room for retracement. It is still not finished, but the market has not obviously fallen fast, so we can continue to pay attention to whether the DIF fast line can turn around when it slowly touches the 0 axis position;
In the 4-hour chart, the K-line can be seen that the market has formed a large retracement after touching the top EMA250. After the K-line retreated to the EMA10 position in the evening, it stood above EMA60 again to test EMA80. The EMA15 and EMA30 below continued to move up and rise. Even the middle track is constantly rising, so the entry point of long orders may also need to rise with it, and the upper track in the channel continues to close. Another thing is that there is still a shrinking trend in MACD. The volume is going down, and DIF and DEA are also forming a short-term closing. As long as the DIF fast line does not cross DEA and enter below the 0 axis, even if there is a retracement, the market will still diverge and retrace. Therefore, it is still possible to do more defense in the range. Then, for shorting in the range, continue to consider the top EMA250 and the upper rail without breaking through to enter the short position;
It is recommended to go long in the retracement range of 59300-59600, with a stop loss of 59100; the target is 60600-61500-62000;
It is recommended to go short in the retracement range of 62100-62400, with a stop loss of 62750 and a target of 61500-60700-59800;