Red Sister in the Crypto Circle 12.17 (Writing time 6:37) Today's Bitcoin (BTC) market analysis and trading suggestions:
The current price of Bitcoin is around 87,800. Today, the major coin has entered a phase of fluctuating rebound. Currently, the K-line is positioned within the 1h EMA60-EMA80 range, continuing to show a pressured pattern. The green bars in the MACD are continuing to shorten, and after the DIF and DEA formed a golden cross, there is an intention to converge. The KDJ is encountering resistance at 73, trending down towards 50, and the three lines of the RSI are also showing a downward pattern. Red Sister believes that the short-term bearish momentum has not yet completed, and it is suggested to continue testing the 1H lower support level; if it does not break, long positions can be entered.
On the upside, it is recommended to continue monitoring the pressure at the 4H middle track and EMA80 range; if it does not break, short positions can be taken. Currently, both the KDJ and RSI at the 4H level are in the process of turning upwards from a low position. Although the green bars in the MACD are expanding, and the DIF and DEA have successfully reclaimed the golden cross, the overall bullish momentum appears to be relatively weak, and the daily death cross crisis has not yet been resolved. At the current position, it is not recommended to chase long positions directly!
Sell point: ≥88,500 light short, stop loss above 89,500; take profit at 87,800-86,700-85,500. If it breaks below 85,000, it can continue to hold.
Buy point: ≤85,500 try long, stop loss at 84,500; take profit at 86,500-87,500-88,500. If it breaks above 87,700-89,500, it can continue to hold. Confirm that the support below the previous low does not break before the second test can allow for long-term long position arrangements!
The article review and push have delays, and the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market; do not operate with heavy positions! Thank you for reading!
Thus, our journey in the crypto circle begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of the crypto circle is vast and boundless, filled with opportunities and challenges. I hope that in the days to come, you will always maintain a thirst for knowledge and a spirit of exploration for the unknown.
Remember, the crypto circle is not just about numbers and charts; it is also about humanity, decision-making, and the art of the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of the crypto circle, the brave often carve out their own territory. Finally, I wish you all shine on the stage of the crypto circle, realizing your value and dreams. Wherever and whenever, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the crypto circle, returning with a full load!
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