Coin Circle Li Ying: 4.4 Bitcoin bullish momentum has weakened, but moving average support has not been broken, is it a trap or an opportunity? Latest market analysis and trading advice
BTC current price 66836 is below the middle band of the Bollinger Bands 67283, below MA30 (67315), while MA7 (66801) forms short-term pressure above. The Bollinger Bands display a clear narrowing pattern with the upper band at 67283 and the lower band at 66217, with a range of only 1000 points, and volatility has dropped to a freezing point, indicating that the price is about to choose a direction. In the MACD indicator, DIF and DEA form a dead cross above the zero axis, green bars are expanding, and bearish momentum is strengthening, but it has not entered the deep water area below the zero axis, indicating limited downward force. The overall structure shows a temporary balance of bullish and bearish forces, with the market in the calm before the storm, waiting for a key breakthrough.
If it breaks down, it will test the lower band of the Bollinger Bands at 66217 and the previous low support at 65000; if it rebounds and breaks through the area where MA30 (67315) and the middle band of the Bollinger Bands 67283 overlap, upward space may open up to the upper band of the Bollinger Bands 67283. In the moving average system, the MA7 continues to suppress the price after crossing below MA30, but MA120 (67846) is still trending upwards, indicating that the long-term trend has not changed. Current trading volume is shrinking, indicating that the market is primarily waiting for a breakthrough signal.
Short-term practical strategy (Li Ying personally instructs, accurately corresponding to the market)
Long strategy: Go long at the current price, target 67200 aiming for 68000, stop loss 66200
Short strategy: Go short at 67300, target 66800 aiming for 66500, stop loss 67600
Stabilization strategy: High sell low buy in the range of 66217-67283, short at the upper edge with a stop loss of 67500, long at the lower edge with a stop loss of 66000.
Li Ying's message: The cryptocurrency market is not lacking in opportunities, but lacks eyes that can see through the essence and hands that execute strictly. Keeping a steady mindset is the key to laughing last!
Risk warning: The above analysis by Li Ying is based on real-time market data and is for reference only, not constituting investment advice, and trading risks are borne by the trader.
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