Zhang Lihui, edited at 4:16 AM Beijing time on September 2: Bitcoin market analysis and trading suggestions:
The 4-hour Bollinger Bands for Bitcoin are expanding, with the intraday candlestick retracing to the middle band twice, forming a rebound. The current candlestick is approaching the EMA30 position, which can be seen as the first resistance point for the rebound. However, if the upper band shows a clear upward movement and crosses above the EMA30, then after the candlestick breaks through the EMA30, we need to look at yesterday's high and the EMA60 position. The fast and slow lines at the current level continue to open upwards, and both KDJ and RSI are in an upward shape, indicating further bullish space. We continue to look for support at the middle band position below and consider entering long positions.
On the daily level, the Bollinger Bands have once again shown a convergence pattern. Both KDJ and RSI are at the bottom, turning upwards in a converging shape. However, the MACD shows no significant decrease in volume below the zero axis, and the fast and slow lines are also in a weak convergence phase. We need to pay further attention to the strength of the short-term rebound, focusing on the key resistance at the middle band and EMA10 to consider entering short positions!
Today's suggested short position for Bitcoin: Short above 110500, with a stop loss above 111500; target 109500-108800; if it breaks below 108700-108500, you can continue to hold.
Today's suggested long position for Bitcoin: Light long below 108800; stop loss of 500 points; target 109400-110500; if it breaks above 110600-110800, you can continue to add positions! Long opportunities need to focus on the strong support at the 4-hour middle band before entering; specific updates can be followed in real-time from Lihui!
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Please do not operate with heavy positions; enter with proper take profit and stop loss, and take profits when favorable!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency world. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
This article is exclusively published by (WeChat public 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, draw 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 intention. 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 on this investment journey filled with challenges and opportunities!
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