Red Sister in the Crypto Circle 12.18 (Writing time 5:12) Today's Bitcoin (BTC) market analysis and trading suggestions:
Bitcoin is currently around 86000. In the evening, the big coin directly surged to the upper track position in the 4H chart, forming a long upper shadow. Red Sister knew that the bullish trend was fleeting, and this wave of shorts was secure. The market also declined as expected to the target profit level of 85500, with shorts once again securing profits. Currently, the candlestick is forming a rebound at the lower track position of the 4H chart, but the bearish momentum still exists. In the short term, attention should be paid to the pressure from the middle track and the MA30 range above. The red bars in the MACD are expanding, the DIF and DEA have successfully recovered from the death cross, the KDJ three lines continue to decline approaching the oversold area, and the RSI three lines are close to 25 with a weak turn. Red Sister believes that the short-term bearish trend will continue to probe downwards, and longs should not rush to enter the market.
On the daily line, Red Sister mentioned yesterday that a death cross would form. With not much time left until the close, the death cross pattern is likely unavoidable. The red bars in the MACD are also starting to expand, the RSI three lines are turning downwards, and the KDJ continues its downward rhythm. The candlestick has already pierced the lower track, and the short-term market may continue to probe down towards the low point of 83900. If the low point of 83900 cannot hold, and if the CPI data is bearish, there is a probability of continuing to probe down to the lower track of the 2-day chart around 81150. Therefore, Red Sister suggests maintaining a focus on high shorts during rebounds!
Sell Point: ≥87400 light short, stop loss above 88500; take profit at 86300-85200-84100. If it breaks below 84000-83800, you can continue to hold.
Buy Point: ≤84100 try long, stop loss at 83500; take profit at 85000-86000-87000. If it breaks above 87400, you can continue to 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!
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 you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.
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, 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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