Currency Circle Li Ying: 4.2 Bitcoin (BTC) bulls break through strongly, aiming for 70,000! Latest market analysis and operational suggestions

Dear family! Bitcoin has shown a strong breakthrough on the 2-hour level! The price has broken through the upper Bollinger Band 69,269 with a large bullish candle and has stood above MA7 at 68,514 and MA30 at 67,642. The MACD has formed a golden cross above the zero axis, with red momentum bars continuously expanding, officially sounding the horn for a counterattack by the bulls! However, the resistance at the previous high above 70,000-71,000 is still looming, so caution is needed for a pullback after the overbought conditions in the short term. The breakthrough of the upper Bollinger Band with the opening expanding indicates a shift from narrowing to widening, and the price breaking through the upper band with a large bullish candle shows that the bulls have the upper hand in the short term.

The current price of 68,807 is running close to the upper Bollinger Band. If it can stabilize above the upper band, it will open up upward space targeting 70,000-71,000. Short-term moving averages: MA7 at 68,514 has crossed above MA30 at 67,642 forming a golden cross, and the moving averages are diverging upwards, providing support for the price. The medium-term moving average MA120 at 68,400.75 is close to the current price, forming strong short-term support. If the price retraces without breaking this position, the bullish trend will continue. The MACD indicator DIF has crossed above DEA forming a golden cross above the zero axis, with red momentum bars continuously expanding, indicating that the bearish momentum is completely exhausted and the signal for a bullish counterattack is clear.

Short-term trading strategy (Li Ying personally teaches, accurately targeting the market)

Bullish strategy: 68,600 to 68,200, target 70,000 aiming for 71,000, stop loss 68,000

Bearish strategy: 69,300 to 69,700, target 68,500 aiming for 68,000, stop loss 69,900

Li Ying's message: The currency circle is not lacking in opportunities, but lacking is the eye to see through the essence and the hands to execute strictly. Keep a stable mindset, and you can smile until the end!

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

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。