Crypto Circle Academician: After the main rising wave of Bitcoin (BTC) on September 23, a consolidation phase - in-depth analysis of the high-level oscillation structure? Latest market analysis and operational suggestions explained.

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2 hours ago

  Crypto Circle Academician: After the main upward wave of Bitcoin (BTC) on September 23, the accumulation phase, in-depth interpretation of the high-level volatility structure? Latest market analysis and operational advice interpretation.

  

  Current Bitcoin price is 86,200. The market will never simply move in the direction we expect; technical analysis is just a judgment of probabilities, not a standard answer. Now, the high-level market fluctuations will become very fierce, and before entering a position, one must think about the bottom line of loss and not hold onto the idea of enduring a loss. Do not envy my profits; preserving your own capital should always be the priority. Opportunities are always there; I have been heading north all the way.

  

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  The overall trend of the daily K-line remains dominated by bulls. The EMA moving average system is fully diverging upwards, and the short-term moving averages are continuously supporting the price from below, indicating that the medium-term upward momentum has not completely waned. The MACD bullish trend structure is intact; the Bollinger Bands are opening upwards, and the price operates near the upper band, which is a characteristic of strong market. However, it is necessary to note that after a continuous rise on the daily line, there are signs of gradual shrinking of the red bars, indicating that the upward strength is slowing down, and there is a possibility of a volatile pullback for accumulation at any time; one should not blindly chase high prices.

  

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  The four-hour K-line is in a high-level volatility range. The EMA short, medium, and long-term moving averages are still in a bullish arrangement, and the price remains steadily above all the moving averages. The key support below is 83,906. The MACD red bars continue to shorten, indicating a weakening bullish momentum and a warning signal of a top divergence; the upper Bollinger Band is under pressure, and the K-line begins to form upper shadows, indicating a gradual emergence of short-term pullback demand. As long as the four-hour level does not effectively break below the moving averages, the overall structure remains bullish, but short-term views should prioritize digesting the high-level volatility and wait for a pullback to support before reassessing the opportunity.

  

  Short-term reference

  

  For buying at 84,200 to 83,900, with a stop loss of 500 points, target looking at adding positions after breaking 87,400 and continuing to look north.

  

  For selling at 87,000 to 87,400, with a stop loss of 500 points, the counter-trend short positions should be very small; once a new high is broken, one must decisively exit.

  

  Specific operations should be based on real-time data from the market. For more detailed information, you can consult the author. There may be delays in the publication of the article; it is suggested to consider as reference with risks taken on personal responsibility.

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