Red Sister in the Crypto Circle 12.23 (Writing time 6:16) Today's Bitcoin (BTC) market analysis and trading suggestions:
The current price of Bitcoin is around 88,300. In the evening, the price of Bitcoin on the 4H chart is under pressure at MA240, as expected, showing a pullback. Red Sister mentioned this key position yesterday, and short positions are currently being held. The K-line has stopped falling at MA30, and a short-term oversold rebound is underway. Red Sister suggests reducing the position in short trades. In the MACD, the green bars are noticeably shrinking, and the DIF and DEA are experiencing a second convergence, likely forming a death cross with increased volume. The KDJ three lines are expanding downward close to 15, indicating that there is a possibility of a second dip breaking the lower track! The strategy still suggests focusing on short positions, with continued attention to the previously mentioned resistance levels of MA90, MA120, MA150, and MA200 for short setups! The stop-loss can be set at the MA240 to the previous high range.
On the daily chart, the K-line forms an upper shadow pinning above the middle track, creating a pullback situation. It is currently trending down towards MA7. It seems that after three bullish candles, the daily line is stabilizing with a bearish candle. The RSI three lines touched 52 and then showed a downward turning signal, indicating that there is a demand for a pullback. In the short term, continue to monitor whether MA7 can provide effective support; a break below will lead to further declines!
Sell Point: Short at ≥89150, stop-loss above 90500; take profit at 88400-87400. If it breaks below 87000, it can continue to hold down to below 86000.
Buy Point: Long below ≤86000, stop-loss at 85300; take profit at 86800-87700. If it breaks above 87800-88400, it can continue to hold up to around 89300.
There may be delays in article review and push notifications. The above points are for reference only; please grasp the timing of buying and selling yourself. When entering the market, ensure proper risk control and avoid 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 an art about humanity, decision-making, and 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 smooth sailing on the road of the crypto circle, returning with a full load!
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