12.9 Zhang Lihui: The cryptocurrency market has a risk of pullback, caution is needed for chasing long positions! #MicroStrategy增持BTC #BTC☀
The cryptocurrency market has pulled back by 3000 points again today, with the evening candlestick touching the lower band of the 1-hour Bollinger Bands and the EMA300 range, leading to a rebound. It is currently continuing to challenge the intersection resistance of EMA30, 60, and 80. If it breaks, look for the upper band position to short; in MACD, the volume below the 0 axis is shrinking, and DIF and DEA are also converging, which may form a golden cross again, but we must also guard against a second divergence, so caution is needed for chasing long positions!
In the 4-hour chart, the Bollinger Bands are also in an opening shape, indicating that a significant market movement may occur this week. The intraday market has just pulled back to the EMA60, forming a rebound. It is currently challenging the EMA30 and the middle band range. If it breaks, look for the upper band position and today's high point to enter short; in MACD, the fast and slow lines continue to diverge, and the volume below the 0 axis is still increasing, indicating that the short-term bullish move has ended, and we are looking for a pullback;
On the daily level, the moving averages are in a bullish arrangement, and the overall trend remains bullish; in MACD, the fast and slow lines are slowly expanding downwards. Although the decline is not very fast, the volume below the 0 axis is still increasing, and the risk of pullback still exists! The candlestick is also testing the middle band, and the lower band is also moving downward. In the next two days, it is expected to coincide with EMA30, which can then be used as an entry point for going long!
In summary, Lihui believes that currently, it is not advisable to go long on the cryptocurrency, as there is a risk of pullback. It is better to consider entering short first and then long!
Beijing time December 9, 22:18 Editor: It is recommended to short above 101000, with a stop loss at 101900; target at 99700-99150-98300; breaking the 98000 level can target around 97100;
Long positions need to pay attention to the key levels of 97000 and 94500; specific entry opportunities for long positions can be followed according to Lihui's real-time notifications!
There may be delays in article review and push notifications. Market conditions change rapidly, and specific entry opportunities must be combined with actual trading operations. Real-time notifications take precedence. The article's suggested points are for reference only, and heavy trading is not recommended. Please set take-profit and stop-loss levels when entering, and take profits when available!
