Crypto Circle Mr. Coin: 12.5 Bitcoin (BTC) Market Analysis Reference

The bullish sentiment for Bitcoin has warmed up during the day, breaking through the 96000 resistance in the morning as expected, currently approaching the high near the 99000 level, without breaking upwards again; however, the overall trend is starting to lean towards the upside. If it can break and stabilize around the 99000 line, the expected increase will continue. If it breaks, one can consider following up with a small position for long orders. I hope all crypto friends are prepared in advance. The current trend is in a correction phase, but the upward trend has not been broken, so the strategy is to buy on dips and follow up on breakouts. The support below is near the 96100 level, providing opportunities for long entries.

The daily MACD is in the negative zone and the green bars are shortening, indicating a weakening of the downward momentum; in the 4-hour cycle, the DIF has crossed above the DEA line forming a golden cross, suggesting a potential short-term rebound. The 4-hour RSI is close to 60, not yet in the overbought zone, still having room for upward movement; the daily RSI is around 66, slightly high, and caution should be taken regarding pullback risks. The current price is above the EMA7 and gradually approaching the EMA30 and EMA120; if it breaks through, it will further confirm the upward trend. Both EMA7 and EMA30 are diverging upwards, strengthening support. The operation suggests focusing on long positions on dips, and the range can be adjusted for high shorts and low longs.

12.5 Bitcoin Short-term Reference:

Short position, short in the 99500-100000 range, with a stop loss at 102000 and a target below 96500.

Long position, long in the 94800-95500 range, target of 500-800 points, with a stop loss at 300.

The sending of the chapter has a delay, strategy suggestions are for reference only, the market changes rapidly, regardless of how accurate the market judgment is, be sure to set take profit and stop loss properly to secure gains.