10.14 Zhang Lihui: Bitcoin (BTC) Market Analysis and Trading Suggestions:

Since the V-shaped reversal in the Bitcoin market last week, it has been in a phase of consolidation for the past two days. The price has repeatedly tested the 63500 level, forming a pullback, and last night it tested the 62000 level, ending the downward movement again; on the 1-hour chart, a golden cross has successfully formed below the 0 axis with decreasing volume, approaching the 0 axis position. Although it has not directly broken the resistance to surpass the previous high, the middle track and EMA30 are rising. We can continue to pay attention to the state when the fast and slow lines approach the 0 axis. If it cannot effectively stay above the 0 axis, then it is still possible to continue shorting in the range between the trend line top and the upper track;

The 4-hour Bollinger Bands are parallel, and the MACD shows a slowdown in volume above the 0 axis. The fast and slow lines still have a probability of forming a death cross, but we must also guard against the possibility of a rebound; the K-line may form a second test of the resistance in the EMA80-EMA120 range below. If it cannot effectively support in the second test, then the downward space still exists;

It is recommended to short above 63000, reserving for additional positions above 64100; stop loss at 64500; take profit at 62600-62100; if it breaks below 62000-61900, you can continue to hold below 61000;

For long positions, it is also necessary to pay attention to not breaking the 62000-61900 range before entering, with targets looking at 63000 and the previous high range. If it breaks, you can continue to hold;

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 enter with proper take profit and stop loss, and take profits when available!

I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. During my studies in the U.S., I have 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 end, I will seek 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 wind and rain, 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, 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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