Academician of the currency circle: Can the 64,000 support point of Bitcoin on September 27 stabilize the market? How will the short-term trend develop? Reference for the latest market analysis
The current price of Bitcoin is 65,300. Before the press release yesterday, Bitcoin was still around 63,000. Senior fans should have seen the layout point. 62,800 is the last best entry point for long orders this week. From more than 53,300 at the beginning of the month, to more than 56,500, to more than 58,000 and more than 62,500, and finally to more than 62,800 yesterday, the idea before and after is to step back on the support to effectively get on the bus. I won’t say much about how much space there is. Since you are on the bus, the point of getting off is what everyone cares about most. Academicians will not recommend that you stop profit at the highest point because this is unpredictable. Instead of testing, it is recommended to take profits at the retracement point. If the long position does not reach the retracement point, you can continue to hold it. Remember that the fundamental of trading is survival.
Look at the market. Yesterday, Bitcoin failed to break the previous high of 66,000 and did not fall back, but chose to consolidate at a high level. The support point of the EMA15 trend indicator has reached 62,500. The daily K-line large-scale MACD volume DIF and DEA began to leave the energy indicator and the top divergence appeared. It can be seen that the bulls are not over yet. The upper rail pressure of the Bollinger Band is about to reach 67,000, and it is still stretching close to the trend pressure point of 67,500. The KDJ indicator is shrinking.
Four hours The K-line is currently above 65,000, the EMA15 trend indicator has reached 64,400, the MACD top divergence continues to increase in volume, DIF and DEA spread and open, and the upper rail is too high to 65,555. The overall trend has the risk of callback. The retracement point can focus on the support of the 64,000 mark. From the overall market, the market has only achieved two jumps and is now at the exchange point of the third jump, which is also the pressure point of the rising flag. Don't rush to leave the long position. At the pressure point, you can try to stop the short position above the previous high.
Short-term ideas reference:
The market has no 100%, so you must bring a stop loss, safety first, small loss and big profit is the goal
67500 to 68000 above, short position at 68500, short position at 500 points, target at 66500 to 66000, break at 65500 to 65000
64000 to 64500 below, long position at 300 points, target at 65500 to 66000, break at 66500 to 67000
(You can observe the market and decide whether to cash in in advance)
Here, I wish my fans to achieve financial freedom in 2024, come on! $BTC
