Red Sister in the Crypto Circle 10.24 (Writing time 0:40) Today's Bitcoin (BTC) latest market analysis and trading suggestions:
The current price of Bitcoin is around 109,800. The intraday market has reached the middle track of the 1H chart and is experiencing a rebound again, indicating a second test of the EMA250 position. The upper Bollinger Band has already turned upward to this position, and the green bars in the MACD are expected to increase in volume again. The DIF and DEA failed to converge and are opening upward again. The KDJ three lines are crossing upward and approaching overbought territory, indicating that the bullish rebound space may continue to exist. Red Sister suggests that if you want to short, it’s better to patiently wait for further upward movement!
In the 4H chart, after the Bollinger channel's closing pattern yesterday, the upper band was pushed back again, and it is currently close to a parallel state. It is now facing the second pressure of EMA60. After breaking through, we need to see new high point pressure at the upper band and EMA120. On the downside, support continues to look at below 107,500. The green bars above the 0 axis in the MACD are increasing again, and the DIF and DEA have formed a golden cross. However, the J line in the KDJ is already close to overbought, so caution is needed for a potential reversal, and there is a suspicion of inducing buying; be cautious when chasing high positions!
Selling point sharing: Short lightly at ≥111,500, with a stop loss above 112,700. Take profit at 110,200-109,300-108,100. If it breaks below 108,000-107,500, you can continue to hold.
Buying point sharing: Long lightly at ≤107,500, with a stop loss below 106,300. Take profit at 108,500-109,200-110,000. If it breaks above 110,200-110,500, you can continue to hold.
The article review and push have delays; 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!
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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, full of 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 also an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and look at the market with a long-term perspective. Keep learning and improving your professional quality. Knowledge in the financial field is constantly updating; only by 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 smooth sailing on the road of the crypto circle, returning with a full load!
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