Crypto Circle Academician: On November 23, the tense moment of Bitcoin is within reach, crossing the threshold of the era! The road to breaking ten thousand is full of suspense!
The current price of Bitcoin is 99,100, it is now three o'clock in the morning Beijing time, and the big cake has broken the historical high again, just one step away from reaching the hundred thousand mark. Will there be a situation of being within reach but far away? Currently, the greed index in the market has reached 94. Yesterday, I mentioned that the historical highest greed index is at 95, and every time it reaches 95, there will be liquidations. This time, it is expected that there will be no surprises. After the last step is kicked open, the market's greed index will reach 95 as expected. At this point, it is not suitable for retail investors to participate. The best way is to watch the show and hold your chips a little tighter.
Currently, the daily K-line has a highest of 99,490 and a lowest of 97,140. The EMA15 trend support has reached 89,200. The MACD has increased in volume and stretched, with the DIF and DEA continuing the bullish trend. The upper pressure level of the Bollinger Bands has reached the 104,000 mark, while the middle track is still at 84,500. The large-level trend remains bullish, and it is not appropriate to speculate on the top. It is advisable to wait for a trend correction before primarily taking long positions. After confirming the large-level trend, we can then look at the short-term trend.
The four-hour K-line is consolidating at a high position, with the K-line retracing to the EMA15 support of 97,100, and effective bullish defense at 95,000. This can be used as an entry point. The MACD volume has decreased, and the top divergence continues, with the DIF and DEA still in an upward expansion trend. The overall strategy is laid out according to the usual thinking. Since the large-level trend is bullish, all bearish indicators can be qualitatively defined as short-inducing indicators. After the clear support is established post-drop, long positions can continue to be laid out.
Short-term strategy reference: The market is not 100% certain, so always place stop losses; safety first. Small losses and big profits are the goal. The strategy should focus on going long on retracement support, with shorts as a supplement. Watch more, act less, and do not resist positions.
Shorts from 10.2 to 10.3, with a stop loss of 500 points, target at 10.0 to 9.95, with a break point at 9.90 to 9.70.
Longs from 9.50 to 9.60, with a stop loss of 500 points, target at 9.70 to 9.80, with a break point at 9.90 to 10.0.
I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom in 2024. Let's work hard together!
