Crypto Circle Academician: Breaking at 12.9 Bitcoin can determine the outcome! Latest market analysis and short-term strategy reference
Bitcoin current price 90500, it is now 5 AM Beijing time, yesterday this wave rose from 89000 all the way to 92000, not much space but can be considered a small turnaround, a wave of obviously inducing short-term pullbacks, as long as friends who have been in the crypto circle for many years can see this, the market has been hovering around the 90,000 mark, this position carries risks whether moving south or north, it is recommended to wait until the market shows a clear direction before deciding.
Before the publication of the daily candlestick, the highest was 92260, the lowest was 89550, the trend indicator continues to contract, the fast and slow lines are converging, indicating that the market will also show contraction, lasting at least a week. Pay attention to the upper resistance at the EMA30 trend line 93300, and the Fibonacci support at 85500. The MACD continues to show stable volume, and the DIF and DEA are spreading upwards and approaching the 0 axis but still need time. The bottom divergence and the horizontal contraction of the market, the Bollinger Bands are also contracting, with the upper band at 94050 and the lower band at 94500, while the candlestick is above 89300 within the Bollinger Bands, indicating that the main force is choosing a direction.
The four-hour candlestick shows a more obvious horizontal trend, the EMA trend indicator is also contracting, with the EMA120 at 91450 and the EMA15 trend support below at 90460. The MACD has not increased significantly, the DIF and DEA are horizontal at the 0 axis, and the Bollinger Bands are also contracting, with the four-hour Bollinger Bands upper band at 91640 and the lower band at 88400. To enter the market at the lowest cost, the best way is to wait until the pressure or support breaks before making a decision; until then, observe.
Short-term strategy reference: The market is not 100% certain, so always use stop-loss measures; safety is the first priority, aiming for small losses and big gains.
Northern entry point 93300 to 93800 break, stop loss 500 points, target looking at 94200 to 94700, break looking at 95300 to 95800.
Southern entry point 93300 to 93800 not breaking, stop loss 500 points, target looking at 92500 to 92000, break looking at 91500 to 91000.
Specific operations are based on real-time data from the market. For more information, you can consult the author; the article may be published with a delay, and it is recommended for reference only, with risks borne by the reader.
