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Crypto Academician: 2024.4.11 Bitcoin (BTC) Latest Market Analysis Reference
Bitcoin was in a very good wash-out trend in the late period yesterday. Looking back at yesterday's market, I gave everyone the idea of 68,500 points in the circle of friends yesterday, with the target of 69,500 points, and won 1,000 points in real-time market. At that time, the market had reached 69,500. Why didn't I choose to go short? Because the indicators of the market were not very clear at that time, in order to be more stable, I missed the opportunity to go short. After that, I could only wait for the decline to position more. Finally, I arranged more at the ultimate point of 67,800, which I mentioned, with the target of 70,500 points, and successfully won 2,700 points. So how should the market be arranged today? Don't worry, let's continue to look down
As of press time, the current price of Bitcoin is around 70,700. Judging from the overall trend of the market, this position is relatively high. The risk of chasing more from above is slightly greater, so it is not recommended to chase more for the time being. Short-term shorts are the main focus, because the daily K-line has just opened for a short time. Yesterday, the market closed positively. However, in terms of the overall trend, the bulls seem to have recovered part of the market, but in fact there is great resistance from above. Therefore, the upper pressure zone of 71,500 to 72,000 is not broken, and the bulls will not open.
At present, the EMA trend indicator is similar to the previous one, stretching upward, EMA10 has risen to 69600, plus yesterday's retracement to the support EMA30 support point of 67700, so today's retracement to 67700 is not very large, but there is still room for short-sellers to make a profit, KDJ is blocked at 77.74, MACD is shrinking and moving upward, DIF and DEA are closing at high levels, and the main force has been increasing its funds, so we must set a good stop loss while short, so that even if the market breaks and stretches, we will not miss the opportunity to get on the train, the overall trend of the Bollinger Bands has begun to close, and the three tracks are moving upward. The lower support has reached 69000, and the upper pressure has reached 73000.
From the four-hour ultra-short trend, we can see that the U-shaped K-line has reached a high level, and the previous four-hour K-line closed with a positive line and long shadows above and below. In addition, the EMA trend indicator has returned to the long trend again, and the momentum is not as strong as before, because there are only two alternating indicators, and it is expected that the K-line will have a retracement. After all, the current K-line is out of trend and the indicator is a bit false. The highest value of KDJ has exceeded 97, and MACD has begun to stretch upward with shrinking volume and increasing funds. DIF and DEA closed at a high level, and the Bollinger Bands were upward. The K-line retreated to the middle track of 70,300, and the upper pressure level was 72,500. All indicators seem to be bullish, but in fact, they have all reached the intensive pressure point. Therefore, on the whole, it is temporarily dominated by shorts, and it is safer to wait until the low level to arrange more.
Specific ideas for reference:
The first entry point for long positions is 69000, the second entry point is 68000, and the long positions is 67500.
The first entry point for short short is 71000, the second entry point is 72000, and the stop loss point for short is 73000
(Each point has a range, so the layout can be determined by the changes in the market. You can layout in the 69000 and 68000 ranges) (The same principle applies to short. When the market passes 71000 and reaches the 72500 range, you can find a position to layout short. You can lock in the profit without anyone’s guidance. Don’t be greedy.) The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by the user.
This article is exclusively contributed by the academician of the crypto, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and be quiet. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the crypto wishes you a happy investment!
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