9.26 Zhang Lihui: Bitcoin Market Analysis and Operation Suggestions:
In the 1-hour chart of Bitcoin, the Bollinger Bands channel is trending downwards, and the K-line is under pressure from the middle rail, falling to the current EMA120 position and forming a small rebound. However, from a short-term indicator perspective, there is still a need for further correction in the coin price. The divergence between DIF and DEA continues to trend downwards, and attention should be paid to the continued convergence. If there is a second probe, consider the range between EMA160 and EMA200.
In the 4-hour Bollinger Bands channel, there is convergence, and the K-line is currently breaking below EMA30, but the lower rail continues to trend upwards. Signs of upward movement can be seen in EMA60 to EMA250, and Lihui believes that the bulls are still continuing. In the short term, 65000 may be a pressure point, but it is definitely not the highest point.
In the daily Bollinger Bands channel, there is an upward opening, and the K-line has been running above EMA7. Short-term indicators are showing signs of upward movement and have not changed. EMA30 and EMA60 are working to approach the overlapping range of EMA120 and EMA80. If the price breaks through, there will be a significant amount of space. Therefore, the ideal position for adding long positions is at this overlapping range of multiple moving averages.
Based on the above indicators, Lihui suggests that the main operational strategy should still focus on buying on dips, and shorting can be considered when the range is not broken at the high.
Lihui suggests lightly buying in the 62400-62800 range on the pullback; reserve the 61000-61300 range for adding positions, with a stop loss at 60800, and targets at 63200-63800-64400; breaking through 64500-64800 can be held until above 65500.
For short positions, consider entering when the previous high is not broken, and shorting above 64000 is acceptable, with targets at 1000-1500 for profit-taking.
Article reviews may be delayed, and the market is constantly changing. Specific entry opportunities should be combined with actual trading operations, and real-time notifications should be followed. The suggested points in the article are for reference only. Do not overcommit to operations, and set stop-loss and take-profit levels when entering the market. Take profits when the opportunity arises!
I, Lihui, interpret world economic news and analyze the overall trends in the global cryptocurrency market. During my studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are not familiar with trading, feel free to leave comments and messages!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only. All risks are assumed by the reader. May we remain humble and brave in the complex cryptocurrency market, unafraid of challenges, and eager to explore. Just as "The road ahead is long and far-reaching, I will seek and explore," I hope that we will keep pace with the times, gain wisdom, travel thousands of miles, experience the storms, and comprehend life.
Under Lihui's guidance, may you seize opportunities, create value, remember the market's baptism, and stay true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose the future, sharing the joy of success. Let us advance together and create brilliance in this investment journey full of challenges and opportunities!
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