10.1 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
The continuous upward trend of Bitcoin has seen a significant pullback starting yesterday. The K-line has begun a non-stop retracement after touching the top of the 4-hour channel, directly breaking below the current EMA80 and EMA120 range. The Bollinger Bands continue to open downwards, with the lower band also touching the EMA120 position, and it has not stopped yet, with the K-line closely following; the MACD below continues to show increasing volume, indicating that there is still space below, but the strength during the day is generally not very strong. Continue to pay attention to whether there are signs of a turn in the short-term fast and slow lines.
On the daily level, the Bollinger Bands channel is ending the upward trend that has lasted for more than half a month and is shifting to a parallel movement. Lihui believes that the market will transition in this range for 2-3 days, and there is no need for everyone to panic; the K-line is also continuing to move down towards the lower band and the EMA30 position after piercing the middle band. Therefore, this can be considered as the first suitable point for long positions. Continue to pay attention to whether the EMA30 can turn downwards; it can still maintain an upward posture to EMA60, which forms a strong overlapping support with EMA80 and EMA120, making this a suitable point for adding to long positions.
In summary, there is still a demand for short-term pullbacks in Bitcoin prices, and one can maintain low long and high short operations:
It is recommended to go long in the 62600-62050 range during the pullback, with a reserve for adding positions in the 61500-61000 range; stop loss at 60700; target at 63400-63900;
It is recommended to go short in the 64000-64400 range during the pullback, with short operations still taking profits when favorable, targeting 1000-1500 points.
The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, with real-time notifications as the standard. The suggested points in the article are for reference only; please ensure to set take profit and stop loss when entering the market, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I have conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) and does not represent any official position. The publication review of the article has a delay, and the above points are for reference only; risks are borne by the reader! May we always carry humility and courage in this complex cryptocurrency world, unafraid of challenges and daring to explore. Just as one travels thousands of miles, "The road is long and has no ending; I will search up and down for it." May we read thousands of books, keep pace with the times, and draw from the fountain of wisdom. Travel thousands of miles, experience wind and rain, witness the scenery, and understand life. May you, under Lihui's guidance, receive advice and create value together. May we always remember the baptism of the market, stay true to our original intentions, and achieve our goals. In this wave of digital currency, hold on to faith with Lihui, remain resilient, and forge ahead. May we, hand in hand, compose a magnificent future together and share the joy of success. Let us gather in the turbulent world of digital currency, not waste our youth, and create brilliance together. Lihui wishes to embark on this investment journey full of challenges and opportunities with you.
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