2.19 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
In the past two days, the bearish momentum has been strong, and the rebound has been weak, failing to provide entry points for the short positions that Lihui has been looking for. However, each target has been accurately hit. Yesterday, Lihui mentioned that after breaking 94,000, it would reach the daily MA120 position, which is close to around 93,000. Did everyone manage to profit from that?
Lihui has been waiting for a market rebound to find entry opportunities. Currently, the 1-hour chart is facing resistance at the middle track and EMA30 during the pullback. A short-term golden cross is forming, which may break through to the upper track where it coincides with EMA80. It is advisable to consider continuing to short a portion lightly at EMA60 and EMA80;
The 4-hour K-line has also reached the middle track position, and the fast and slow lines have shown a second convergence, which may succeed. It is important to pay attention to the short-term breakout situation. EMA30 and the upper track area can be reserved as entry opportunities, with a need for tighter defense. If the second convergence successfully forms a golden cross, then the coin price will stretch again. Conversely, if there is divergence, we will see if the daily MA120 and EMA120 can hold. If they cannot hold, it will be quite alarming.
In summary, Lihui believes that the bearish sentiment still prevails. Since a rebound opportunity has been given, we will continue to focus on shorting at high levels;
Today's trading suggestions from Lihui:
On February 19, 2023, at 7:13 AM Beijing time: It is recommended to continue lightly shorting in the range of 96,000-96,600, with a stop loss of 500 points; targets are set at 95,100-94,200-93,300; if it breaks 93,000, you can continue to hold until around the EMA120 position, which is about 92,000; if the stop loss is hit, it can be adjusted to short above the daily upper track at 98,000; for long positions, attention should also be paid to the daily MA120 and EMA120 range, which can serve as a long-term layout opportunity! Specific entry opportunities can be based on Lihui's real-time notifications!
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 do not operate with heavy positions. When entering, please set take profit and stop loss, and take profits when favorable!
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) and is for reference only; risks are 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 end, I will search up and down," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, experience 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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