10.7 Zhang Lihui: As expected, the bullish momentum has strengthened and broken through. Where are the opportunities for low long and high short today? Latest Bitcoin (BTC) market analysis and trading

CN
2 months ago

0.7 Li Hui: Bitcoin Market Analysis and Trading Suggestions:

Li Hui's previous layout for Bitcoin was a low long position, and this morning the third target of 63200 was directly hit and broke through the daily mid-line resistance, turning pressure into support. The current market is continuing to rise, and we should keep an eye on whether the daily high point will form resistance. The fast and slow lines are converging, indicating that the bullish trend may continue for a few more days. It is important to watch for a reversal when touching the slow line, with volume continuously shrinking below the zero axis approaching the zero axis.

From the hourly perspective, the price has already surged 1700 points this morning and is currently forming an upper shadow. Everyone should not blindly chase long positions at this level. Since there has been such a significant rise, a consolidation phase is necessary. If there is a retracement opportunity during the day, entering a low long position would be the safest approach. If the market completes the consolidation and moves directly upward, focus on whether the 64300-64600 range can break through for short positions.

In summary, today's trading strategy for Bitcoin still suggests entering low long positions on retracements.

It is recommended to go long in the 62700-63100 range, with a stop loss at 62000; take profit targets are set at 63800-64300.

For high short positions, it is suggested to set them above 64300, targeting 1000-2000 points. Specific operations need to pay attention to real-time market changes.

The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, with 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, and take profits when favorable!

I, Li Hui, interpret global economic news and analyze major trends in the cryptocurrency world. 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 unsure about trading!

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This article is exclusively published by (WeChat Official Account: Zhang Li Hui) and does not represent any official position. The publication review has a delay, and the above points are for reference only; risks are to be 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 ahead is long and has no ending; I will search high and low." May we read extensively, keep pace with the times, and draw from the fountain of wisdom. Travel thousands of miles, experience storms, witness landscapes, and gain insights into life. May you, under Li Hui's guidance, learn from strengths and avoid weaknesses, 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 Li Hui, 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. Li Hui wishes to embark on this investment journey filled with challenges and opportunities with you.

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