4-hour BTC candlestick chart,
Combining the moving average system and yesterday's price trend, we can predict and analyze today's trend.
1. Technical analysis:
1-hour candlestick chart
Trend observation: From the chart, we can see that after reaching a high of 66450, the price fell significantly, and the current price has fallen to around 64546. The trend has been fluctuating upward in the past few days, but there is currently adjustment pressure in the short term.
Moving average analysis: The 5-day moving average (yellow line) and the 10-day moving average (green line) have recently converged and tended downward, which indicates that there may be pressure for a correction in the short term. The 30-day moving average (purple line) is still upward, indicating that the medium-term upward trend has not been completely broken, but there is a downside risk in the short term.
Key support and resistance:
Support level 1: The current strong support level can be set around 64000, which is the low point of the previous price rebound and is close to the 30-day moving average.
Support level 2: If the 64,000 support level is effectively broken, the next support level will be around 63,000.
Resistance Level 1: The upper resistance level can be set at 65500, which is a short-term resistance point that the price has failed to break through in the past two days.
Resistance level 2: If it breaks through 65500, the next target will be the previous high of 66450.
RSI indicator: If the RSI has entered the oversold range, it indicates that the downward momentum may decline in the short term and the price is expected to rebound technically.
2. Operation suggestions:
Based on the current market trends and technical analysis, today's operations can tend to be cautious and wait-and-see or try short-selling layout, especially entering the market when the rebound is blocked.
The first take-profit level: around 64,000, which is a short-term support level and the price may rebound here.
The second stop-profit level: around 63,000. If it falls below 64,000, it is expected to fall further to around 63,000.
Stop loss level: set at 65500. If the price breaks through this level, you need to stop loss in time to avoid greater losses.
3. Strategy:
The current trend shows downward pressure in the short term, especially after the high and fall, a clear downward channel is formed. However, judging from the moving average and support level, the medium-term upward trend still exists, and today may show a volatile downward trend.
suggestion:
If the price rebounds to around 65500 and cannot break through, you can try shorting and set the stop loss above 65500.
The target level is the 64000 and 63000 support areas.
If the price falls below 64,000, short positions can continue to be held and the strength of the 63,000 support level can be observed.
In short, today's operation focus is to pay attention to the support level of 64,000 and the resistance level of 65,500, reasonably grasp the entry and exit opportunities, control risks, and achieve stable profits.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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