The overall white market of the pie fluctuated between 88500 and 87100. The pie fell back to around 87400 at noon and then rebounded to around 89400. It is currently oscillating around 89000!
Judging from the current four-hour structure, the market is shrinking, breaking through the upper track, and gradually forming an upward crossing. The upper side should pay attention to around 91500!
The CPI data fully met expectations, triggering a continuous rise in Bitcoin prices. It broke through the key pressure level of 90,000, reaching a high of 93,421 points, and its rise was far beyond market expectations.
This week's market is characterized by continuous price breakthroughs. With the steady rise in the price of the exchange rate, the bulls continue to show their strong momentum. Although the market has experienced a certain degree of correction in the short term, the overall price trend continues to hit new highs.
From the daily chart, the market closed with a positive line again, showing a clear upward trend. In the absence of an effective reversal of the current trend, any correction should be regarded as an adjustment in the upward trend. Given the continued rise in the price of the currency in the short term, it is not recommended to predict the market top too early. It is recommended to continue to stick to the idea of buying at a low level.
Faced with the sudden big market, have you ever encountered the dilemma of being trapped in a single order? Anxiety, irritability, and tension surged in your heart? Don't worry, Lao Hei has three tricks here to help you resolve your worries and say goodbye to the troubles of being trapped in a single order!
First, examine your position status. For investors who are slightly trapped, you may wish to use the rebound market to choose an opportunity to exit, or reduce your position at highs to reduce risks. For investors who are trapped at high positions, you can consider replenishing your position at highs, so that in the next market fluctuation, you will be able to take the initiative psychologically and financially to create favorable conditions for unwinding.
Secondly, pay attention to the technical status of the Bitcoin you bought. If Bitcoin is at a high level when you are trapped, you must stop loss decisively to avoid further losses. If Bitcoin is in the middle, you can wait and see for a while, waiting for the opportunity to unwind or reduce your position at highs. If Bitcoin is at a low level, you don’t have to rush to stop loss. After stabilizing, you should dare to replenish your position at a low level at the key support level to dilute the cost and wait for the rebound market to come, so as to rescue the high-level positions.
Finally, formulate a strategy based on the trend status of Bitcoin. If Bitcoin is in an upward trend, there is no need to rush to stop loss. Wait patiently for a while, and the opportunity to get out of the trap or even make a profit will come. If Bitcoin is in a balanced oscillation trend, there is no need to stop loss immediately, but wait patiently for it to enter the high position of the oscillation cycle. Once the trap is untied or the loss is small, you should leave the market decisively. However, if Bitcoin is in a downward trend and the downward trend has been confirmed, you should stop loss immediately, and don't take chances, so as not to fall into the dilemma of being deeply locked.
Currently, the first line position is directly up, the four-hour level has entered a range-bound consolidation, and the short-term scaling state is obvious. The bulls still maintain a strong posture, with significant recovery effects, and the trend is retracing to build a bottom!
At present, the market trends are too volatile, and the short-term should maintain a low thrust, avoiding chasing orders that may lead to being trapped!
The current frontline position is directly at a standstill, with the four-hour level entering a range-bound consolidation. The short-term contraction state is obvious, and the bulls still maintain a strong stance, with a significant recovery effect, and the trend is retracing to build a bottom!
Currently, the market trend is very volatile, and the short-term should maintain low thrust while progressing, and avoid chasing orders that may lead to being trapped!
From the daily chart, a large bullish candle appeared yesterday, highlighting the strength of the bulls. Meanwhile, the MACD histogram continues to expand, with the DIF and DEA diverging upwards again!
The current price is significantly above the EMA average line, and both mid-term and long-term moving averages are in a bullish arrangement, strongly supporting the upward trend. However, a slight pullback is expected in the short term!
Operation Suggestions; Bitcoin: 88400–88000, target range 90000–91000!