Crypto Circle Scholar: The mid-term trend of Bitcoin is downward at 4.4, and the short-term is oscillating and bottoming out, with key points in the long-short game! Latest market analysis and thought reference
The current price of Bitcoin is 66800. Trading in the crypto circle really requires patience and resilience to endure volatility. The sideways movement of Bitcoin during this period is consuming everyone's patience. Many people can't hold on and end up chasing highs and selling lows, ultimately getting harvested by the market. In fact, true experts wait for opportunities during fluctuations and hold during trends, not making frequent trades every day. Remember, trading is a marathon, not a sprint; surviving is more important than anything else. Do not let temporary gains or losses affect your mindset; making a plan and executing it is the way to go.

The highest point of the daily K-line is 67350, the lowest is 66240, and it closed at 66840, with a slight drop of 0.04% within the day and a volatility of 1.66%. The moving averages are arranged in a downward pattern, with MA20 at 69336, MA30 at 69327, and MA60 at 68781 all trending downward, indicating significant price pressure and an unchanged mid-term downtrend. The MACD indicator shows continuous green bars, with downward momentum still being released, although the strength has slowed down. The Bollinger Bands are opening downwards, with prices running above the lower track, the middle track pressure at 74416, and the lower track support at 64255, overall in a weak oscillation without clear reversal signals.

The 4-hour moving average system is tightly bonded downwards, with prices running below MA20, MA30, and MA60, short-term rebounds being suppressed by the moving averages. The MACD indicator's green bars are continuously shortening, and bearish momentum is gradually weakening, showing signs of stabilization. The Bollinger Bands are narrowing, with prices oscillating near the middle track, upper track pressure at 69018, and lower track support at 65753, entering a short-term consolidation phase, with balanced forces waiting for a breakthrough direction. Additionally, with the Qingming Festival approaching, it is recommended that everyone reduce their positions during the holiday.
Short-term trading thought reference: follow the large-cycle trend, small stop losses, quick entries and exits
Buy above 65500 to 65000, stop loss at 64200, with targets looking at 67000 to 68000, and if breaking, looking at 70000
Sell below 68500 to 68000, stop loss at 69300, with targets looking at 66000 to 65500, and if breaking, looking at 65000
In the crypto circle, those who are the first to be aware eat meat, those who are late eat soup, and those who are unaware take the losses.
Specific operations are based on real-time data of the market; more information can be consulted with the author. There may be delays in the publication of the article, and it is suggested for reference only; risks are undertaken by oneself.

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