Zhang Lihui, edited at 11:12 AM Beijing time on April 11: Today's Bitcoin market analysis and trading suggestions:
Yesterday, Lihui forgot to provide a stop-loss level in the article. Fans who tried a long position at 80650 decisively stopped out after breaking below 80000 and opened a short position, taking it back down to below 78600. This highlights the importance of timely stop-losses when breaking levels and the flexibility of opening reverse positions. Additionally, the long position at 78400 was missed. The market rebounded again in the morning, returning to above the 4-hour mid-band, close to the EMA60 position. This level forms double pressure with the daily mid-band position; it has also been mentioned multiple times that the daily EMA300 support has turned into resistance. Therefore, Lihui believes that it is still possible to short a portion here because the 4-hour Bollinger Bands are narrowing, with the upper band pressing down close to EMA180, which is also the position of yesterday's high, indicating that the likelihood of breaking the previous high is very small. However, the lower band is still rising and has already surpassed 77000, suggesting that the bottom space is not as scary as everyone imagines! With the weekend approaching, Lihui believes a new round of range-bound fluctuations is about to begin, allowing for high selling and low buying!
Suggested short entry point one: 80600-80900, based on: the pressure from the 4-hour EMA60 and mid-band range coinciding with the daily mid-band; stop-loss above 81500, based on: the pressure from the 4-hour EMA80 and MA60 coinciding; suggested short entry point two: 83000-83400; based on: the dual pressure from the 4-hour EMA30 and MA120, also defending the previous high position to continue testing shorts, stop-loss: 83800; at the recent MA220 pressure level after breaking the previous high;
Short target one: 79850, based on: the 1-hour mid-band position;
Short target two: 78900, based on: the 1-hour lower band position;
Long target three: 77500, based on: approaching the 4-hour lower band position, adjustments should be made according to the speed of the lower band rising!
For long positions, attention should be paid to entering after the daily line breaks above the MA300 position, which means observing the downward strength of the market after breaking below 78450. Specific entry opportunities can be adjusted based on real-time market changes, and Lihui's real-time notifications can be followed! The space can freely take profits of 2000-3000 points. Although the daily mid-band is moving down, there is still significant space for a rebound back to the daily mid-band after a downward dip;
There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with actual trading 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! The article is not easy to produce, shared for free with fans. Thank you for your likes and support in sharing!
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. Friends who are unsure about trading are welcome to comment and leave messages!
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