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Coin Circle Academician: 2024.5.10 Bitcoin (BTC) latest market analysis reference:
Yesterday, at the beginning of Bitcoin, I said that I had entered the short spot price layout in the range of 62,500 to 62,300, with the goal of 61,000 to successfully capture 1,700 points. At 7 o'clock yesterday morning, I took profit at 61,000 and then went long. It was not until 3 minutes after midnight that I captured 62,500. The two orders captured a total of 3,200 points. This kind of spot price order is always more resilient than being afraid of the consequences. Many fans also made money by following this wave of spot price shorts and found academicians in the currency circle. Thank you very much for your trust and support
As of press time, the current price of Bitcoin is around 62,000. The daily K-line broke through the support of EMA trend indicator 90 at 61,000, and the lowest was around 60,600. For two consecutive days, the daily K-line support point was at the 61,000 trend indicator level, which means that the support at this position is effective. KDJ is blocked from closing inwards. Is it possible to turn it back to the upward direction? MACD increased its volume and increased its funds upward. The original short position of DIF and DEA has turned into an upward spread. The middle pressure level of the Bollinger Band is at 63,100, and the support of the lower track is at 59,000. The overall trend has a strong short position. At this time, it is likely to turn back to the sideways repair of the 61,000 resistance. If the upper side does not break 63,300, the bulls will not open. In addition, the sideways movement occurred at the weekend,
A very long positive line appeared on the four-hour K-line, stretching upward directly and breaking through the pressure level of EMA15 at 62100, and the highest resistance was 62700. KDJ began to spread upward, indicating that the space above the K-line has not been completed. In addition, MACD shrunk and increased, and DIF and DEA began to close after falling into the 0 axis. The short-term bullish trend is relatively strong. The K-line was blocked by the Bollinger Band's middle pressure level of 62500. Although it broke the middle pressure level once, the overall trend is still bearish and has not recovered. Be prepared for both situations in terms of thinking.
The ideas for ultra-short contracts are as follows:
Pay attention to the 63000 to 63300 range, and arrange short positions if it is not broken. Exit part of the market at the 62500 to 62000 range, and the rest can look at the support of the 61000 to 61500 range, and stop loss 400 points
Pay attention to the breakout of the 63000 to 63300 range and follow the trend to buy. The reference exit point is the trend exchange point of 64000 to 64500. After reaching the stable period, lock in profits. This position happens to be a large-scale trend exchange point. It will not be too late to enter the market again when new long and short signals appear. Stop loss is 400 points
Ultra-short trend layout:
The entry point for long positions is between 61500 and 61800, and the exit point is between 62500 and 63000, with a stop loss of 300 points.
The specific operation ideas are mainly based on the market data. For more information details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.
This article is exclusively contributed by the academician of the currency circle, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with heavy or full positions. The academician also hopes that all investors 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 have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and stay calm. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the currency circle wishes you a happy investment!
