$BTC Crypto academician in the coin world: Full interpretation of the 7.24 Bitcoin (BTC) moving average indicator—uncovering the true strength/weakness color of the market today? Latest market analysis and breakdown of trading suggestions


  
  Currently, Bitcoin is at 64,800. It is in a critical range where bulls and bears are locked in a standoff—there is neither a clear one-way trend nor a signal that a level has been broken decisively. Many people always want to settle everything with one move, but they ignore the survival rule of a ranging market: don’t chase the highs, don’t try to catch the bottom—at key levels, test with a light position and set a stop-loss properly. The market is always right; what’s wrong is always our subjective judgment. Respect the trend and fear the market—that’s how you can go further in the coin world.
  
  The daily (K-line) chart is currently in a key repair phase. The price has moved above EMA15, but it is still under pressure from EMA30 and EMA60; the medium- to long-term moving averages remain in a bearish arrangement, and the overhead suppression is obvious. In the MACD indicator, DIF and DEA remain in a golden cross, and the red histogram is expanding in volume—showing that short-term bullish momentum has warmed up somewhat, but a trend-based reversal has not yet formed. In the Bollinger Bands, the midline is flat; the price is oscillating around the midline. Overall, it is still in a weak repair channel after the decline. Before there is an effective breakout of the key resistance level, it’s hard to call it a reversal.
  
  The four-hour (K-line) chart is testing the EMA15–EMA30 confluence support. The current price is still above EMA15, but it has already fallen below the Bollinger Bands midline at 65,785, and the short-term trend is biased to the downside. The MACD indicator shows DIF crossing below DEA to form a dead cross, and the green histogram is starting to expand—short-term bearish momentum is being released. The Bollinger Bands’ opening has narrowed somewhat. The price is pulling back toward the lower band around 64,747. If this support can be held, there is hope for a second rebound; if it breaks, it will most likely test the 23.6% Fibonacci support at 63,882. The short-term choppy, weak pattern has not yet been broken.
  
  Short-term reference:
  
  As long as the range from 64,800 to 64,300 does not break down, go north. Stop-loss: 63,900. Targets: 65,500 to 66,500.
  
  As long as the range from 67,000 to 67,500 does not break up, go south. Stop-loss: 68,000. Targets: 65,500 to 64,500.
  
  Actual trading should mainly rely on real-time order book data. For more information details, you can check the author’s updates. There is a delay in the article’s publication—these suggestions are for reference only; risks are borne by yourself ‌ $ETH #GOOGL财报亮眼但盘后跌超3%
BTC-1.18%
ETH-2.16%
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