Red Sister in the Crypto Circle 10.11 (Written at 10:47) Today's Bitcoin BTC Market Analysis and Trading Suggestions:
The current price of Bitcoin is around 113,100. In the evening, Bitcoin experienced another plunge, with a waterfall decline of over 20,000 points on the daily chart, directly breaking below the EMA250 and forming a lower shadow near the current EMA120 position, resulting in a consolidation. Although there has been a short-term halt in the decline, the 1H chart does not show any significant signs of a strong rebound. The lower Bollinger Band also shows no signs of closing. Both KDJ and RSI have turned upwards, but the price has not warmed up significantly, indicating that there is some upward space, but it won't be large. Therefore, the rebound short that everyone is waiting for may need to enter the market early. Red Sister suggests focusing on the EMA7-EMA10 range for entry.
The upper defense can be placed at the position where the daily K-line mid-track coincides with EMA30. If the mid-track is broken, short positions should consider further adjustments. For the lower target, one can refer to whether there can be a strong volume increase after the daily death cross, which can be referenced to the EMA200 extending to the lower track. Currently, the lower track continues to extend downwards, approaching the EMA250 position. KDJ is still at a high level and expanding downwards, indicating that there is still space below! The main idea is to focus on rebound shorts!
Sell Points: ≥114,000 light short, add above 116,500, stop loss above 117,000; take profit at 112,400-110,100-108,000; if it breaks below 107,500, it can continue to hold until around 104,400!
Buy Points: ≤104,400 light long, stop loss below 103,500; take profit at 107,700-110,000-112,400; if it breaks above 122,500, it can continue to hold!
There may be delays in article review and push notifications. The above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!
Thus, our journey in the crypto circle begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of the crypto circle is vast and boundless, filled with opportunities and challenges. I hope that in the days to come, you will always maintain a thirst for knowledge and a spirit of exploration for the unknown.
Remember, the crypto circle is not just about numbers and charts; it is also about humanity, decision-making, and the art of the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of the crypto circle, the brave often carve out their own territory. Finally, I wish you all shine on the stage of the crypto circle, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the crypto circle, returning with a full load!
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