Today's market analysis
The current price of Bitcoin is about $66,600 and is currently in a small upward trend. The following is a detailed analysis and operational suggestions for the current market:
Daily Line Analysis
Bitcoin's daily K-line shows that as long as the closing price is higher than yesterday's highest point, it is likely to continue to rise today. If the price falls back below $66,300, it may take a correction and consolidation route. The current K-line is far away from the EMA trend indicator at $63,700, the KDJ indicator opens upward, the MACD increases in volume, and the DIF has broken through the 0 axis and formed a polarization with the DEA.
Overall, the market is likely to go sideways. The Bollinger Band opening pressure support has also changed. The daily K-line fell back into the Bollinger Band channel after breaking through the upper track of $66,800. A pullback is a normal phenomenon. Therefore, you can seize the opportunity to short sell about 500 points in the pullback.
Four-hour line analysis
The four-hour K-line was blocked at the pressure level of $67,500, forming an inverted hammer line. The EMA trend line alternated upward, the 15-year trend line came to around $65,700, and the 30-year trend line had broken through $64,500. According to the main force digestion speed, it is expected that the four-hour K-line has a high probability of stepping back to $65,000. The four-hour KDJ was blocked at $67,500 and began to close, MACD volume decreased, DIF and DEA closed at high levels, and the overall situation was in a high-level consolidation stage. After the Bollinger Bands opened, the upper rail pressure level was $68,900, and the support point was around $65,100.
Recommendations
Short-term layout:
Entry point: $67,000-67,200 range
Exit point: Reference 66500 and 66000 US dollars, break to see 65500 US dollars
Stop loss: $67,600
Callback to make long layout:
Entry point: Reference range of 65500-66000 USD
Defense point: 65,000 USD to cover long orders, stop loss 64,500 USD
First exit point: $67,000-67,500 range
Second exit point: USD 68,500-69,000 range
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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