10.17 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
After waiting for a day, the price of Bitcoin remains high and sideways, not providing a pullback opportunity for long positions. In this situation, Lihui has not easily arranged an entry, as chasing long positions at high levels without a pullback is not advisable! It is essential to wait for a breakout pullback or a high-level short. This situation is similar to the end of July, when a sell-off occurred at 20,000 points in early August, so when going long, strict stop-loss measures must be in place!
From the 30-minute chart of Bitcoin, the price has been fluctuating within the Bollinger Bands, showing a prolonged period of consolidation and oscillation. The MACD has started to shrink below the zero line again, and after the fast and slow lines formed a death cross, the distance between them has not widened significantly, indicating a potential re-contraction. During the day, there may be another prolonged period of consolidation. Lihui suggests that everyone should mainly observe and wait for the evening unemployment data;
On the 4-hour chart, the Bollinger Bands are narrowing, with the upper band turning down, but the lower band has not stopped moving upward, having already broken above 66,000. The MA15 is also approaching 67,000; support is gradually rising. Although the volume has decreased above the zero line, the fast and slow lines have not formed a death cross, indicating that a reversal may occur again. The MA60 mentioned yesterday has crossed above the MA120, suggesting that the continuous inflow of the US ETF is still favorable and not yet over. Please be cautious about opening short positions at this level and continue to wait for the market to break further before considering!
In summary, Lihui suggests going long lightly in the 66,500-66,800 range on a pullback; set a stop-loss below 66,000, with targets at 67,600-68,200-68,700; if it breaks 68,800-69,000, it can be held until above 69,500;
For high shorts, consider lightly shorting in the 68,700-69,200 range, with a stop-loss at 70,100; there is more room to take, and specific exit opportunities need to be combined with 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 real-time notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take-profit and stop-loss levels when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the US, I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are unsure about trading, feel free to comment and leave messages!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. Just as "the road is long and has no ending, yet I will search high and low," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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