Zhang Lihui edited at 1:10 AM Beijing time on April 17: Today's Bitcoin market analysis and trading suggestions:
Lihui mentioned yesterday that if the 4-hour EMA30 and EMA180 range cannot hold, the market will continue to retreat to the support points of EMA120, EMA80, and EMA60, which can serve as a second entry opportunity. Looking back at the chart, you can clearly see that the candlestick accurately rebounded within this range, so you need to understand why Lihui positioned long below 83300! Those who missed it can only wait for the next short opportunity; Lihui does not recommend entering at the halfway point, as both long and short positions carry risks! Additionally, many of my new followers have been trapped in their positions recently for several reasons: they tend to mindlessly chase after price increases or decreases during a one-sided downtrend or uptrend, entering the market just a few hundred points away from previous highs or lows, opening positions without any basis. Everyone should understand the normal daily volatility range of Bitcoin; do not be too aggressive when there is excessive decline or increase!
Continuing to look at the candlestick, it has repeatedly tested the support points of the 4-hour EMA120, EMA80, and EMA60, forming a rebound. This is also the second entry opportunity mentioned in Lihui's article yesterday; these three lines are also the bottom of the previous M-shaped structure, which may lead to a new U-shaped transition pattern. The candlestick rebounded to the current 4-hour midline as expected in the evening, having reached the first target of 84800 mentioned in the article. If it faces pressure and retreats again in the short term, then today's support can consider the midline and the positions of EMA30 and EMA180 for entry; the defense position remains at the three lines of EMA120, EMA80, and EMA60, while the upper resistance is still at the previous high and the upper Bollinger Band position. Specific exit opportunities can be based on the strength of the market movement, and you can also pay attention to whether the fast and slow lines successfully converge for short entry!
At the daily level, as Lihui mentioned earlier, the upper resistance can still focus on the EMA180 and EMA60 range (85800-86150), which is the first resistance, and it also coincides with the 4-hour upper band and EMA300! If it breaks, we can continue to look at the EMA120 and EMA80 range (87550-87200); clearly, shorting in these two ranges is also quite reasonable! No matter how the market moves, managing stop losses is key, and we cannot rule out the possibility of a strong rally!
Suggested long entry point one: 84500-84000; stop loss below 83800; target 85800-86200; if it breaks the previous high, you can continue to hold until above 87200;
Suggested long entry point two: below 83300; stop loss at 82900; target remains unchanged! If there is extreme stop loss, adjustments can be made in real-time according to Lihui's updates!
The best position for shorting is definitely above 87200. Specific entry opportunities need to be based on the strength of the market movement; if it moves slowly, you can refer to the first resistance of the EMA180 and EMA60 range (85800-86150), with a target of over 2000 that can be freely taken!
The specific entry opportunities for the above points can be based on Lihui's real-time notifications! There may be delays in article review and push; the market changes rapidly, and 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; do not operate with heavy positions, and please manage your take profit and stop loss when entering the market, taking 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 have conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are not familiar with trading, feel free to leave comments!
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This article is exclusively published by (WeChat public account: Zhang Lihui) 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 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 together 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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