Bitcoin Market Analysis and Trading Suggestions (Written at 4:33)

The current price of Bitcoin (BTC) is around 92,500, which is a perfect start. The high short position from 2016 has been captured again. The short position set above 94,400 in the early hours of yesterday has already realized profits and is still being held. Currently, the 4H midline has broken down and formed a death cross with increased volume! In the short term, the 1H EMA5 is below EMA10, EMA20, and EMA60, and the price is below the main moving average EMA30 and the midline, indicating a bearish short-term trend. The MACD is in a death cross. The DIF (-251) is below the DEA (-46), and the histogram is negative (-415), showing that bearish momentum is still dominating the market. The BOLL channel price is near the lower band and EMA80, indicating that the price is approaching the oversold area, but has not yet broken through the lower band support for the second time, which may face further declines after a short-term rebound. The RSI three lines are in the oversold state. Both RSI1 (43) and RSI2 (42) are below 50, indicating short-term overselling, and the downward momentum may not have been fully released. After the KDJ three lines formed a death cross, they are now converging, with K value (31) below D value (32), and J value (28) at a low level, indicating a bearish short-term trend, but close to the oversold area, so attention should be paid to the possibility of continuing upward movement. It is suggested to wait for a rebound before continuing to enter short positions, focusing on the first resistance area at the 1H midline and EMA30. The high point from yesterday can serve as a defense. On the downside, watch for a second break of the evening low and the EMA160 on the 1H chart reaching the multi-moving average support near the EMA60 and lower band on the 4H chart! The 4H chart shows that there is multi-moving average support below the 90,000 mark, and since the lower band of the BOLL channel is currently not opening downwards, a short-term range of 90,000-95,000 may form!

Sell Point: ≥93,200 light short, stop loss at 94,500; take profit at 92,200-91,600-90,500, continue to hold if breaking below 90,000.

Buy Point: ≤90,500 below long, stop loss below 89,700; take profit at 91,500-92,300-93,100.

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!

Thus, our journey in the cryptocurrency world 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 cryptocurrency 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 cryptocurrency world 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 improving 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 cryptocurrency, the brave often carve out their own territory. Finally, may you all shine on the stage of cryptocurrency, realizing your value and dreams. Wherever and whenever, I cheer for you and look forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency road and a bountiful return!

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