Jinrui 4.13: In the important stage and dangerous range of BTC, the last line of defense for bulls is at 64500
Only when the heart is as calm as water can one be vigorous. Investing is only for making money. Everything else is empty. Making money is the kingly way. Hello everyone, I am Jinrui in the currency circle!
[Daily chart]
From the daily level, the current key point is the "attack and defense" on the trend line. If the price falls below this point, Jinrui expects BTC to fall to around $64,500 and form a double top pattern at the daily level.
If it falls below the neckline ($64,500), Jinrui also expects that it may fall further to $57,000. If a double top is formed, the decline is expected to be the same as the previous decline, and the price is also expected to fall by about $2,500. However, for BTC as a whole, Jinrui is still bullish in the long term⤴️.
In addition, because the daily level has a lower shadow on yesterday's K-line, today's daily K-line may form a positive line. However, Jinrui advises that everyone should not take it lightly☝🏻, because $64,500 is the last line of defense for bulls. In addition, for the neckline of the double top ($64,454), this point is also a relatively suitable position to buy and go long💡
This decline is also within Jinrui's expectations, so there is no need to rush for short-term trading😌.
《1-hour chart》
Today's short-term entry point can refer to:
❶ Rebound from the 25EMA at the 1-hour level to this price, you can directly short, the price is around $68,100 to $68,200. If it breaks through the 25EMA, it will still face resistance above.
❷ Because the suppression of the 75 and 200EMA at the 1-hour level still exists in the short term, the second short-selling plan can start shorting from around $68,750, which is also a resistance level above.
In addition, Jinrui recommends that you enter the market after a bullish signal appears on the market. Jinrui will release some market updates from time to time. If this is helpful to you, I hope you will like it ❤️ and follow it. I look forward to your support🏻.
I have many years of in-depth research on spot contracts, BTC, ETH, and other altcoins. If you are not doing well in trading or have long-term losses and are stuck in trading, you can follow my official account (Coin Circle Jinrui).Investment is risky, and you need to be cautious when entering the market. The market is constantly changing every day. All I can do is to use my many years of practical experience to help you, so that your investment decisions and business management are on the right track.
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