The current price of Bitcoin is 65,300. Before the release of 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 to support and get on the train effectively. I won’t say much about how much space there is. Since you are on the train, the exit point is what everyone is most concerned about. Academicians will not recommend that you stop profit at the highest point because this is unpredictable, and It is recommended to cash in at the retracement point. If it does not reach the retracement point, long orders can continue to be held. Remember that the fundamental of trading is survival.
Let's look at the market. Yesterday, Bitcoin broke the previous high of 65850 at night and failed to hit 66000. It did not fall back but chose to consolidate at a high level. The support point of the EMA15 trend indicator has reached 62500. 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 67000, and it is still stretching close to the trend pressure point of 67500. The KDJ indicator is shrinking.
The four-hour 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 opening, and the upper track 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-level jumps and is now at the exchange point of the third level jump, which is also the pressure level of the rising flag. Don't rush to leave the long position. At the pressure level, you can try to stop the short position above the previous high.
Short-term thinking reference: There is no percentage in the market So you must set a good 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)
