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Here, I wish my fans to achieve financial freedom in 2024. Let’s work hard together!
Academician of the currency circle: 2024.3.30 Bitcoin (BTC) latest market analysis reference
I will watch the Bitcoin handicap with you all at 1 o'clock in the evening. If you look at my articles yesterday and the day before yesterday, you will know that I started to place a short position in the range of 71000 and 71500 the day before yesterday. By 1:46 last night, I was waiting for the Bitcoin. This wave of bearishness in the currency came, from the layout after 10pm on the 28th to the pocket before 12pm on the 29th. This time the market trend took longer than expected, and it took 26 hours.
So has the current price of Bitcoin fallen below support today? We can see that the current price of Bitcoin is near the 70,000 integer mark. It is expected that there will be a period of sideways trading above. The trend is still bearish. For the time being, it is still mainly bearish. The daily K-line closed yesterday and stepped on the trend of EMA10 below. Judging from the current position of the K line, the (mainly empty) MACD shrinks and increases. The K line is blocked by the 70,000 mark. KDJ closes downward. In addition, the Bollinger Bands are sideways. The pressure above is too strong and there is good space below. You can continue to catch a wave,
The four-hour ultra-short trend went sideways, and the K line entered the EMA trend indicator. MACD shrunk, DIF and DEA diverged from high levels. There were two energy alternations before and after, but no gap was opened. The upper side does not rule out that it will hit the 71,000 pressure level again. Maybe, the trend turning point will turn long if it breaks, but if it doesn't break, it will still be a bearish trend. In the short term, look at the immediate future. KDJ closes upward. After the Bollinger Bands closed, the K line has been trading sideways at the 70,000 exchange point on the middle track. The upper pressure level is 71,300, and the lower support level is 71,300. Bit 68700
The specific reference ideas are as follows:
The short-selling idea focuses on the first pressure level above 71000 and the second pressure level 72000. (If the market does not break the high point on the 27th, it will still be a short trend. If it breaks through, there will be a short-term gap in the upper space, and you can stop the loss at 72500)
For long-term thinking, focus on the first support point 69500 and the second support point 69000 below. (There is a large amount of energy in the 68800-68000 range and you need to pay attention to the market. If you cannot hold it, there will be a wave of market washouts and you need to pay attention.) Stop loss near 68000
The specific operation is based on real-time handicap data. For more information and details, please contact the author. There is a delay in publishing the article. It is recommended that it is for reference only and you bear your own risk.
This article is exclusively contributed by academicians of the currency circle and represents only the academicians’ exclusive views. He has in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of publishing the article, the above opinions and suggestions are not real-time and are for reference only. Please bear the risk at your own risk. Please indicate the source when reprinting and make reasonable orders. Control your positions well and never operate with a heavy position or a full position. The academician also hopes that all investors will understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should be obtained fly away. There is no need to be smarter than the market in investing. When the trend comes, respond to it and follow it; when there is no trend, watch it and stay calm. It’s not too late to wait until the trend finally becomes clear before taking action. Tomorrow's success comes from today's choices. God rewards diligence, integrity rewards kindness, humanity rewards sincerity, business ethics rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are all inadvertent. Develop the habit of strictly taking a stop loss and a stop profit on every order. Academicians of the currency circle wish you a happy investment!