10.4 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
You can check yesterday's layout by Lihui for a short position in the Bitcoin range of 61300-61700, with the target hitting the 60000 mark again. The pullback was not very strong and did not exceed Lihui's expectations, but it still yielded over 1000 points.
From the current 1-hour chart, the Bollinger Bands indicate that the upper space is being tested. The price is approaching the upper band and the EMA60 position, with a balanced volume above the zero line. It seems that the buying pressure at the 60000 mark is quite strong, with no significant selling pressure! Therefore, tonight we need to focus on the non-farm payroll data. If the attempt to break through the EMA60-EMA80 range fails, a short-term contraction will occur, leading to a new round of bearish momentum.
The 4-hour Bollinger Bands are contracting again, with the range of fluctuations being compressed. The upper band is crossing below the EMA200 and EMA250 lines, but the lower band is also actively rising. The low-level golden cross has just started to spread. If the short-term moving averages can continue to rise, the EMA30 will also show a slowdown or reversal in its downward trend.
On the daily chart, the upper band of the Bollinger Bands is moving down, and the lower band has not risen. There are strong resistances from the EMA60, EMA80, and EMA120 above the candlestick. However, the EMA30 has slowed down significantly in the past two days, while the EMA7 and EMA10 are still in a downward posture, including the middle band which is also moving down.
From the overall trend, the suggested trading strategy is still to focus on short positions. For long positions, it is recommended to enter when the candlestick breaks the EMA200.
It is suggested to take a light short position in the 61500-62000 range, reserving the 63000-63300 position for additional purchases, with a stop loss at 63400; take profit at 60900-60100; if breaking the 60000-59800 range, it can reach around the 59000 mark.
For low long positions, it is suggested to consider around the 59000 mark, targeting 1000-2000 points. Specific operations need to pay attention to real-time market changes.
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations. The suggested points in the article are for reference only; please set stop-loss and take-profit levels when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I 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. There may be delays in article publication and review; the above points are for reference only, and 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 end; I will search up and down." May we read thousands of books, keep pace with the times, and draw from the fountain of wisdom. Travel thousands of miles, experience storms, witness scenery, and gain insights into 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, let us hold onto our beliefs with Lihui, remain resilient, and forge ahead. May we, hand in hand, compose a brilliant future and share the joy of success. Let us gather in the dynamic world of digital currency, not waste our youth, and create brilliance together. Lihui wishes to embark on this investment journey filled with challenges and opportunities with you.
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