Crypto Circle Scholar: What conditions are needed for the large-level breakout of Bitcoin at 12.15? Latest market analysis and short-term trading ideas reference
Bitcoin's current price is 89000, it's now one o'clock in the morning Beijing time, the market has reached the 89000 entry point, and it's just at the position for building positions. Be ready for defense and confidently move north. The main force has been consolidating in this area for several days, and with the price dropping from the high of 94000 to support, it indicates that support is effective and will not deviate from support for too long in the short term. Additionally, if the main force further dips and breaks through the key support, one can exit in time, safety first.
Before the release of the daily K-line, the highest was 90440 and the lowest was 88410. The EMA trend indicator is generally trending towards consolidation, oscillating within the large-level box between 85000 and 94500. The current price is at the middle of the box and has been consolidating for several days. The MACD volume is decreasing, and the DIF and DEA are showing contraction. The K-line is consolidating along the Bollinger Band's line, and the overall trend is still a consolidation trend. There won't be significant fluctuations in the short term between bulls and bears, making it suitable for quick in-and-out trading.
The four-hour K-line shows a more apparent performance. The EMA trend indicator has been uniformly expanding forward around the K-line, and the K-line is also moving back and forth around the EMA trend indicator. It is currently at the bottom support, and the MAD has been continuously decreasing. The K-line has reached the lower line of the Bollinger Band at 88400, with the mid-track focusing on 90500. The overall trend appears relatively weak, indicating a short-term consolidation market. Trading can be done back and forth as long as one pays attention to key resistance or support; both north and south can be considered for entry.
Short-term trading ideas reference: The market is never 100% certain, so always set your stop-loss. Safety first; small losses and big gains are the goal.
North entry testing point 89500 to 89000, defense at 88500, stop-loss of 500 points, target at 90500 to 91000, breaking point at 91500 to 920500.
South entry testing point 91700 to 92300, defense at 92800, stop-loss of 500 points, target at 91200 to 90800, breaking point at 90300 to 89500.
Specific operations should be based on real-time market data. For more information, please consult the author. There may be a delay in article publication, so it is recommended for reference only, with risks to be borne by the reader.
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