Academician of the Coin Circle: Bitcoin (BTC) dropped ten thousand dollars in a week, how many people couldn't sleep well last night?

At the beginning, let me say a few words off-topic. Every time I write an analysis, I ponder one question: After reading so many articles, why do some still lose money? Later, I realized, the problem is not whether the analysis is accurate, but whether it is executed. Many people recognize the correct direction but cannot hold on, while others stubbornly refuse to cut losses when they recognize the wrong direction. The value of a trading system is not in being right every time, but in how much is earned when right and how much is lost when wrong. I never pursue perfect predictions; I only focus on one thing: keeping losses controllable and letting profits run. The market always has opportunities, but once the principal is gone, nothing is left. The above analysis is for technical discussion only and does not constitute any investment advice. The risks of contracts are extremely high; please make decisions with caution. Updates will continue tomorrow.

The daily candlestick currently stands above EMA120 at 77098, but EMA15, EMA30, EMA60, and EMA90 are all pressing down from above, showing a bearish alignment of the short- and medium-term moving averages. MACD is running below the zero axis, and the green bars are still being released, indicating that the bearish trend at the daily level has not yet reversed. In terms of the Bollinger Bands, the middle track at 80380 constitutes strong resistance, while the lower track at 76323 is the recent key support. Overall, the daily line is in a weak oscillating stage after a high-level correction, with bulls and bears repeatedly contesting around 77000.

The four-hour candlestick trend is relatively clearer. This round fell rapidly from a high point of 86000, hitting a low around 76900 before a technical rebound occurred. The current price of 77650 is just stuck near EMA15 at 77517; EMA30 above at 77962 forms short-term resistance, with EMA60 and EMA90 constructing a heavier pressure range between 78800 and 79500. In terms of MACD, DIF crosses above DEA below the zero axis to form a golden cross, with red bars slightly widening, indicating short-term rebound momentum. The Bollinger Bands are narrowing, and the middle track at 77610 basically coincides with the current price. A buying structure signal has appeared in the TD sequence at a low level, indicating the possibility of continuing repair in the short term, but the strength of the rebound remains to be observed.

Short-term reference:

Going north from 76500 to 77000 faces resistance, stop-loss at 500 points, target looking at 77500 to 78500.

Going south from 79000 to 80000 faces stagnation, stop-loss at 500 points, target looking at 77000 to 76500.

Specific operations should be based on real-time market data. For more information details, you can consult the author. The article publication has delays; the suggestions are for reference only, risks taken at your own expense.

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