Red Sister in the Crypto Circle 6.29 (Written at 6:44) Today's Bitcoin BTC Market Analysis and Trading Suggestions:
The current price of Bitcoin is nearly 107,300. The 4-hour chart shows that the market is generally in a range-bound trend, with the candlestick chart approaching the key resistance zone of 108,000-108,600 for several days. Near the pressure level of the 17th, the market faces a certain choice of direction. Overall, the short-term market is experiencing intense long and short battles, with the possibility of a reversal or adjustment. In the short term, indicators such as moving averages and MACD suggest that short-term bullish momentum is weakening, and the price may consolidate horizontally in the current range or slightly retrace to the lower support level near 106,700. At the same time, the KDJ indicator is at a high level, indicating that the risk of adjustment is accumulating. Additionally, if the MACD continues to form a death cross and diverge, the price may further test the lower Bollinger Band range. In the medium to long term, the middle track of the Bollinger Band is still slowly rising, and the medium to long-term trend is likely to maintain a range-bound upward pattern, but a breakthrough above the key resistance level of 108,600 requires sufficient bullish momentum support. The RSI indicator reflects that market sentiment is still neutral and has not entered an extreme state, leaving room for further upward movement. The overall trend needs to be analyzed comprehensively with candlestick patterns, Bollinger Bands, MACD, and RSI signals. The current market is in a consolidation phase, making it difficult to quickly break through resistance levels in the short term, likely fluctuating between support and resistance levels. The specific direction after a breakout needs to wait for continuous signal confirmation. Red Sister suggests that when approaching the resistance level of 108,000-108,500, one can consider gradually taking profits on long positions and patiently observing the subsequent direction; if the price falls back to the support level near 106,700, one can continue to try light positions for short-term buying; for medium to long-term investors, it is recommended to remain on the sidelines at the current position and not to chase highs; wait for the price to break through the resistance level of 108,600 and confirm with a retest before considering adding positions, otherwise, it is advisable to buy low and sell high within the range. If the price breaks below the key support level of 106,500-106,100, high positions can continue to be held as there may be a larger retracement below 105,000; the current market has a relatively close balance of long and short forces, so it is advisable to control position sizes to avoid frequent stop-losses due to market fluctuations. Overall, short-term operations should be cautious, focusing on the performance of resistance and support levels, and paying attention to potential oversold or overbought signals from MACD and KDJ to assist in decision-making. The RSI is in a neutral range, trending towards stability in the short term, while showing moderate market sentiment in the medium to long term. A TD 9 count appears at a high level, with a TD reversal signal at a low level, indicating that the market may be consolidating.
Sell Point: ≥107,900 short, stop loss at 108,700; take profit at 106,700; if it breaks below 106,500-106,100, it can continue to hold.
Buy Point: ≤105,000 long, stop loss at 104,300; take profit at 106,700-107,800-108,500; if it breaks above 108,600-109,000, it can hold.
The article review and push have delays, and 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!
Follow the blogger to avoid getting lost in trading. Scan to add Red Sister in the Crypto Circle, with daily benefits waiting for your participation!
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 taken 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, but 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. Wherever and whenever, Red Sister cheers for you, looking forward to your wonderful performance. Red Sister wishes everyone smooth sailing on the road of the crypto circle, returning with a full load!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
