Red Sister in the Crypto Circle 10.18 (Writing time 1:08) Today's Bitcoin BTC Market Analysis and Trading Suggestions:

The current price of Bitcoin is around 106,600. As Red Sister anticipated, the market has made a second dip today, breaking below the lower band and the EMA250 position on the daily K chart. It seems that Red Sister's previous mention of 106,400 was still conservative. After forming a lower shadow below 104,000 in the evening, the price rebounded somewhat and is currently near the middle band on the 1H chart. The K-line's rise is hindered by the middle band and EMA30. The green bars in MACD are increasing, and a golden cross between DIF and DEA has formed, but KDJ is approaching an overbought state again. It is expected to be a similar scenario as before, where several golden crosses were reversed. Red Sister suggests that if the average price for going long is not particularly low, there is no need to rush into the market; it is still safest to wait for a high short entry!

In the daily K chart, the downward trend of the lower band remains unchanged, and the death cross between DIF and DEA is still strongly expanding. The DEA line is also about to enter below the 0 axis, and both KDJ and DEA are diverging downwards, approaching the oversold area, indicating that the bearish trend is not over yet. It depends on the speed of the weekend market. The upper level can focus on EMA200 as a resistance point, while the lower level looks at EMA250 as a short-term support low. If the previous low is lost again, the market will directly drop to the weekly K lower band position (101,500), so if trying to go long, it must be done after confirming the range consolidation.

Sell Point: ≥107,800 light short, stop loss above 109,000; take profit at 106,400-105,200-104,500; if breaking below 104,000-103,500, it can continue to hold until around 101,500.

Buy Point: ≤104,500 light long, stop loss below 103,500; take profit at 105,500-106,800-107,700; if breaking above 107,800-108,000, 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 you will always maintain a thirst for knowledge and a spirit of exploration for the unknown in the days to come.

Remember, the crypto circle is not just about numbers and charts; it is an art about humanity, decision-making, and 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, may 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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