10.9 Zhang Lihui: Bitcoin (BTC) Market Analysis and Trading Suggestions:
After the large holders escaped at the peak of 64000 the day before yesterday, the performance of Bitcoin bulls has been relatively weak. We can see that the 4-hour Bollinger Bands have once again reversed to run downwards, with the upper band continuously moving down, indicating that the upper high will continue to be suppressed. The middle band has also moved down to the overlapping position of EMA60 and EMA80, and short-term indicators show a further downward trend. EMA30 continues to maintain a downward posture, and the MACD continues to expand below the 0 axis, with the death cross opening further. Therefore, the low long entry position set yesterday also needs to be adjusted downwards.
On the daily level, the Bollinger Bands continue to converge, with the upper band moving down rapidly. The K-line is opening lower, and the middle band is continuously descending, currently overlapping with EMA30. From a short-term perspective, there is still a demand for retracement. Therefore, on the daily chart, we need to consider the support range of EMA80, 120, and EMA160, and it is expected that the lower band will also rise to around the EMA160 position; the high short entry point needs to focus on yesterday's high and the upper band range.
It is recommended to go long in the 60900-61400 range during the retracement, with a reserve for adding positions in the 59900-60300 range, and a stop loss at 59800; take profit targets are set at 61800-62300-62900.
For high short positions, it is suggested to enter above 63000, targeting 1000-1500 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 actual operations, based on real-time notifications. 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 the major trends in the global cryptocurrency market. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. 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 reflect on 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 join hands in this journey.
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