10.5 Zhang Lihui: After the bearish news, there was a rebound. Is resistance turning into support? Where are the opportunities for high shorts and low longs today? Latest Bitcoin (BTC) market analysis

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3 hours ago

10.5 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:

Last night, Bitcoin experienced a pullback after reaching around 62000. The first target for short positions in the 61500-62000 range, 60900, was hit, but the momentum was still weak, leading to a rebound; it was also mentioned yesterday that if the EMA60-EMA80 resistance is not broken, a drop will occur, otherwise, it will definitely continue to rise. It can be seen that early this morning, it has broken through EMA120 and EMA160, and the current Bollinger Bands are narrowing. During the day, it may maintain a longer period of volatility, and after breaking out, we can continue to pay attention to the support in the EMA30 and EMA60 range for long positions.

The 4-hour Bollinger Bands are opening upwards, with the upper band coinciding with EMA60 and EMA80. The short-term moving averages are all rising, including the middle band, which is also leveling off. We are just waiting for it to turn upwards.

The daily Bollinger Bands have not changed direction downwards, but yesterday's candlestick has broken through the overlapping positions of EMA60, EMA80, and EMA120, turning pressure into support. Therefore, the current upper pressure is at the middle band position, and we continue to monitor whether the downward movement of the middle band can end.

In summary, today's trading strategy suggests entering long positions on pullbacks; short positions can be considered near the daily middle band.

It is recommended to go long in the 61300-61700 range on pullbacks, with a reserve for adding positions in the 60800-60500 range, stop loss at 60400; take profit targets are 62300-62800-63200.

For high short positions, it is suggested to set them above 63000, 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 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 storms, witness scenery, and gain insights into life. May you, under Lihui's guidance, learn from each other, leverage strengths, and avoid weaknesses to 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 magnificent 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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