Li Ying of the cryptocurrency circle: Bitcoin (BTC) rose sharply to 4.1 but fell back, facing resistance at the upper Bollinger band, with a fierce battle at 67900! Latest market analysis and trading suggestions.

　　Family! After Bitcoin tested the upper Bollinger band at 68160, it faced pressure and closed with a long upper shadow bearish candle. The MACD red bars are shrinking rapidly, the DIF line is turning downwards approaching the DEA line, and the bullish momentum is sharply declining at high levels. However, the middle Bollinger band at 67202 and the MA7 still provide short-term support, and the battle between bulls and bears has entered a heated stage. Li Ying reminds: Short-term volatility is increasing, be sure to set strict stop losses, and do not blindly chase highs or bottom fish.

　　The distance between the upper Bollinger band at 68160 and the lower band at 66244 has shifted from expansion to contraction, with the price unsuccessfully testing the upper band with a long upper shadow bearish candle, indicating very strong resistance at 68000-69000 USD. The current price at 66983 has fallen below the middle Bollinger band at 67202; if it can hold above the middle band, there is still an opportunity for a bull counterattack; if it breaks below the middle band, it will return to a weak oscillation. The short-term moving averages MA7 and MA30 are forming a sticky support below the price, and MA7 is still crossing above MA30, providing support for the price. The mid-term moving average MA120 is close to the current price, forming a strong short-term resistance, and if it breaks through and stabilizes, the bullish trend will continue; otherwise, it may trigger a pullback. The MACD indicator’s DIF begins to turn downwards approaching DEA, showing a significant decrease in bullish momentum; if DIF crosses below DEA to form a dead cross, it will confirm a short-term adjustment signal.

　　Short-term trading strategy (personally taught by Li Ying, accurately aligning with the market)

　　Long position strategy: from 66500 to 66000, target 67000 aiming for 68500, stop loss at 65500.

　　Short position strategy: from 68000 to 68500, target 67500 aiming for 66600, stop loss at 69000.

　　Li Ying's message: The cryptocurrency circle is full of opportunities, what’s lacking is the ability to see through the essence and the discipline to execute strictly. Maintain a stable mindset to be successful in the end!

　　Risk warning: The above analysis by Li Ying is based on real-time market data and is for reference only; it does not constitute investment advice, and trading risks are borne by the trader.  

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