1.21 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
Recently, the market has been filled with positive news, and many people have been swept away by excitement! Tonight's market performance must have disappointed everyone! Just now, Bitcoin did not surge to a new high as expected, but instead experienced a significant pullback again! It seems that the recent hype was just for the upcoming harvest, especially with the so-called Trump Coin and Melania Coin being clear harvesting tools! We have also profited quite a bit from the bullish trend, and Lihui believes it is time to start positioning for short positions, especially since Bitcoin's price is so high! The risk of chasing long positions is still quite significant!
Looking at Bitcoin, it reached a high of 109,588 yesterday, forming a prolonged period of high-level consolidation. In the evening, it began to pull back, especially after Trump announced his inauguration in the early hours, causing the price to drop close to the 100,000 mark. From the 1-hour chart, it coincidentally reached the EMA220-EMA300 range, forming a long lower shadow. The current K-line is retracing to the EMA120 position; the Bollinger Bands are opening downwards, so the upper pressure continues to look at the middle band position, while the defensive position needs to observe the upper band position; if the support below breaks, we will look at the 100,000 mark; the MACD continues to expand below the 0 axis, and the fast and slow lines have crossed, indicating that a short-term pullback is definitely possible! Therefore, we can consider a rebound short!
In the 4-hour chart, the Bollinger Bands are also in a contracting pattern. After the K-line dipped below the lower band and EMA60 position in the early hours, it formed upper and lower shadows. The current K-line is located between EMA30 and the middle band, and we also need to pay attention to the middle band resistance in the short term; if the support between EMA60 and EMA80 breaks, we may need to consider the EMA300 position, which is around 95,800-96,000! The MACD is again expanding below the 0 axis, and the fast line has formed a second divergence indicating a bearish trend, so the possibility of a pullback remains significant;
At 2:25 AM Beijing time on January 21, the editor suggests trying a light short position above 106,500, reserving the 109,000-109,500 range for additional positions, with a stop loss above the new high! The target is set at 105,000-102,800-101,000; if the 100,800-100,000 range breaks, you can continue to hold until around 96,000; if a stop loss is triggered, you can continue to adjust the opening price!
For long positions, we need to pay attention to the support in the 100,800-100,000 range before considering entry, with a target of 1,000-2,000 points to take profit freely! Specific entry opportunities can be based on Lihui's real-time notifications!
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, with real-time notifications as the standard. The suggested points in the article are for reference only; please do not operate with heavy positions, and always set take profit and stop loss levels when entering the market. Take profits when you see good results!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. 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) 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. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." 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 your 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 together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance on this investment journey filled with challenges and opportunities!
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