$BTC Coin Circle Academician: Is the Bearish Momentum in Bitcoin (BTC) at 7.9 Poised to Exhaust, and a Bullish Comeback Is Imminent? Latest Market Analysis and Trading Suggestions

At the current Bitcoin price of 62,100, the biggest takeaway from watching the market these past two days is that it’s giving a lesson to everyone who wants quick gains. After the rebound from the high, BTC still hasn’t managed to break through the key resistance. The MACD on the four-hour chart has started to turn again, and the daily chart is also yet to shake off the shadow of the downtrend. Many people always think about “buying the dip” at the lowest point and “selling the top” at the highest point, but in reality, most profits come from patiently waiting for signals—not from frequent trading. In a ranging market, the worst thing is emotion-driven action. Rather than bouncing back and forth and getting stopped out repeatedly, it’s better to wait until the range breaks clearly before taking action. Protecting your principal is always more important than profit in the moment.

The daily K-line is in a crucial contest zone. After price stopped the decline and rebounded above the 100% Fibonacci support level at 58,030, it is now pressing against the 78.6% level at 72,620. On the moving average system, EMA15, 30, and 60 are arranged downward, indicating that the long-term trend is still relatively weak. However, the MACD green bars are shortening, suggesting signs of contracting volume. The middle Bollinger Band is near 61,866, and the price is just oscillating around the middle band. The near-term direction is unclear, so wait for confirmation of a break.

After bottoming at 58,030, the four-hour K-line formed a rebound channel. The current price at 62,100 is currently retesting the upper edge of that channel. After the EMA15 and EMA30 golden cross, they have flattened out, weakening the short-term upward momentum. The MACD red bars have turned green, the DIF is curling downward, and the Bollinger Bands are narrowing. The upper band at 64,299 and the lower band at 61,841 form a range for consolidation. The resistance level above is 63,882, and the support level below is 61,840. In the short term, it’s likely to continue narrow-range consolidation while waiting for a directional choice.

Short-term reference:

Below: As long as it does not break down from 62,000 to 61,500, go long. Stop loss: 61,000. Targets: 63,500 to 64,500.

Above: As long as it does not break down from 64,500 to 65,000, go short. Stop loss: 65,500. Targets: 63,500 to 62,500.

Actual trading should mainly follow real-time data on the order book. For more information, you can consult the author. There is a delay in article publishing. Suggestions are for reference only; risk is borne by yourself ‌#世界杯冠军预测