Operational Ideas: Maintain Support, No Break No Stand
Entry Point:
Refuse to chase high prices at the current level. It is recommended to wait for the price to retrace to 67200 - 67400 (near the MA120 support level) and show stabilization signs before entering.
Profit Target: Short-term target is 68800. If there is a significant breakthrough, it could reach 69500.
Stop Loss Point: Strictly set at 66500. Once it falls below this level with increased volume, it indicates a destruction of the short-term bullish structure.
(Previously, many fans asked what to do with the long positions at 70,000? Here’s the method)
Reduce Position Action: Take advantage of the current price rebound to the 68400 - 68800 area, and it is recommended to reduce the position by 30%-50%. Do not hope to close the positions all at once; first, reduce the position pressure.
Defensive Setting: Adjust the stop loss (break-even loss) of the remaining position to 67200. If it falls below this level, it means the rebound has ended, and decisive exit is required.
News: The "First Fire" of the New Quarter
Q2 Opening Effect: April 1 is the start of the second quarter, and new institutional positions often enter at this time. After the market washout at the end of March, there is a certain "catch-up" demand in the market.
Halving Countdown Sentiment: As the halving in April approaches, on-chain data shows significant accumulation signs from long-term holders (LTH), creating a solid psychological defense line above 65000.
Technical Analysis: Moving Averages Entangled, Building Momentum
Pattern Analysis: The 30-minute chart shows that after the price stopped falling at 65000, it has formed a nice upward oscillation.
The current price is in the adjustment period after the TD9 signal. Note the frequent appearances of TD9/TD13 in the chart, indicating that your indicators are very sensitive to capturing turning points.
Moving Average System (Core Focus):
MA24/52/120 is transitioning from a "death cross" to the edge of a "bullish arrangement."
MA120 (66750) has completely transformed from strong resistance to a bullish defensive position.
Key Levels:
Resistance Level: 68800 (Previous High), 71200
Support Level: 67200 (Short-term), 65000 (Strong Stop Loss Level)
Trend Judgment: Oscillating with a bullish bias. Attempting to challenge the key resistance area of 69000.
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