On November 13, Bitcoin's daily K-line surged to 90,000, and the future trend is highly anticipated! Short-term strategy revealed!
Current Bitcoin price is 87,800, it's now 10:50 AM Beijing time. After a long sleep, I'm finally feeling a bit better. Staying up late is not suitable for the crypto world; the pace is too fast. From personal experience, I advise everyone not to hold positions against the market, always use stop-loss orders, and give yourself a chance to recover. No one in this market becomes decentralized because of stop-loss orders, but 95% of those who don't use stop-loss will end up decentralized. Yesterday, I suggested going long at 88,300, but after making a profit of 9,000, I didn't provide further direction and just took a break to watch the market.
The daily K-line had a high of 89,995 and a low of 85,100 yesterday. All EMA trend indicators show bullish signals. The EMA15 fast line support has reached 77,950. In just two days, it will approach the 80,000 mark. A major correction hasn't started yet. The key focus is whether today’s daily K-line can break through and stabilize above yesterday's high. If it stabilizes, there is a possibility to stretch towards 10; if it fails to stabilize, a double top may form, leading to bearish liquidation. MACD continues to increase in volume, while trading volume on the market has decreased. The daily K-line has been outside the upper Bollinger Band pressure level of 87,900 for two consecutive days, and has now returned to the Bollinger Band channel for consolidation. KDJ shows high-level divergence and contraction.
On the four-hour chart, it continuously impacts the 90,000 mark. Persistent pressure will eventually break. The EMA15 trend fast line support has reached 85,400, and the EMA30 support is at 82,200. MACD shows volume divergence at the top and has been decreasing. The DIF and DEA are contracting at high levels, and the Bollinger Bands have started to stabilize. The upper band pressure level has reached 91,800, while the middle band support is at 83,500. KDJ is expanding downwards. From the market perspective, bulls still dominate and are continuously pushing upwards, while bears lack momentum. After testing the support at 85,000, it has been adjusted upwards and now stands at 86,000. If the support continues to adjust upwards in the short term, the upper pressure level of 90,000 is unlikely to hold. The strategy can focus on short-term trades.
Short-term reference: There is no 100% certainty in the market, so always use stop-loss orders. Safety first; small losses and big gains are the goal.
Sell at 88,500 to 88,900, stop-loss at 500 points, target at 87,500 to 87,000, break below at 76,500 and 86,000.
Buy at 85,500 to 86,000, stop-loss at 500 points, target at 87,000 to 87,500, break above at 88,000 to 88,500.
Advice is for reference only, risk is self-borne. $BTC #比特币行情分析 #BTC行情分析