$BTC
I haven’t analyzed #BTC for a long time. In the face of FOMO sentiment, all technical indicators for predicting trends have failed, and further analysis is meaningless. However, recently BTC has been hitting $70,000, and the market has reached a critical period, so I feel it is necessary to come out again. Talk about it.
Although the trend indicators have failed, the point indicators are always effective no matter what the market is, so this analysis I will focus on the point, that is, if the subsequent trend continues to rise, what point will it rise to, and if it falls? I will write down to what point it can fall, because the focus of this analysis is on the point, not the trend prediction, because the indicators for predicting the trend have temporarily failed, and I can't use the trend indicators to predict the rise or fall in advance now.
Okay, let’s get to the point. BTC is now trying to hit $70,000. If it can stabilize later, the bulls’ next target will be the two pressure levels of $76,000 and $80,000. On the other hand, if BTC fails to stabilize at US$70,000 and instead turns downward and closes below the EMA 10-day line of US$64,500 and the 20-day line of US$60,000, then this rise will completely end.
I tell you these points in the hope that you can control your risk positions based on the points. For example, if you are long, and the daily closing price falls below 60,000 US dollars, then you should reduce your position to avoid risks, and at the same time trade between 60,000 and 5.2 If an ambush is set at this point.
