Cryptocurrency Scholar: Will the Bitcoin (BTC) moving average on 8.24, which is all bullish, guarantee a win? Analyzing the potential signals for a Bitcoin pullback? Latest market analysis and operational advice breakdown.
The current price of Bitcoin is 77300. The price has been breaking through resistance and is moving upward. Friends who do not have a position are starting to feel anxious again. They fear that if they chase it, they might enter the market only to see a correction, getting stuck. If they do not chase, they are afraid the market will continue to soar away. This dilemma is something most traders can deeply relate to. The market is always like this: greedy when rising, fearful when falling, human nature plays out repeatedly.

The daily candlestick experienced a strong rebound and has already surpassed all EMA moving averages. The 15, 30, and 60 period moving averages are all turning upwards, forming a bullish arrangement for support. The Bollinger Bands are expanding upwards, with prices operating near the upper band, and bullish strength is fully released. The MACD indicator's DIF and DEA are rising in sync, with red columns continuing to expand, indicating ample bullish momentum. The key pressure point above is the Fibonacci 78.6% level at 72620, which has been effectively surpassed, with the next significant pressure point looking towards the previous high at 82828. The key support below is at 72620; if it re-tests and holds this position, the daily bullish trend will continue; however, if it effectively breaks below, it will enter a short-term consolidation phase.

After a rapid rise in the four-hour candlestick, there are obvious signs of a high and then a pullback. The price reached a peak of 79555 and then began to face downward pressure. The candlestick formed a shooting star, indicating that short-term bullish momentum is waning. The 4-hour MACD's red columns are continuously shortening, and the DIF shows signs of turning downwards toward the DEA, signaling a bearish divergence warning. In the short term, the price remains firmly above all EMA moving averages, and the larger structure is still bullish, but the short cycle has a need to pull back and digest profit-taking. The Fibonacci 78.6% level at 77521 is the current pressure point, and the first support below is at the 61.8% level at 73355. If the re-test does not break this level, the bullish trend will be maintained; breaking below will deepen the pullback space.
Short-term reference:
Buying from 74500 to 73500, stop loss at 71800, target looking at 79500 to 83000.
Selling from 79600 to 80000, stop loss at 500 points, target looking at 76500 to 73500.
Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in article release, and suggestions are for reference only; risks are to be borne by the reader.

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comment section are unrelated to the author. Please discern cautiously; thank you for reading.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。




