The Bitcoin trend in the early morning is quite interesting.

I looked at the 4-hour chart, and the EMA7 has crossed above the EMA30. After this small golden cross appeared, the rebound strength is indeed good. The bulls are clearly in control of the situation, and the upward trend should continue for a while in the short term. Market sentiment is also relatively optimistic, and there are continuous signs of capital inflow, providing good support for the market.

If you want to operate, I personally think you can consider lightly testing long positions in the range of 94500 to 95500, with the initial target looking around 96800. If it can successfully break through 98000, then there will be a chance to challenge the psychological barrier of 100000. Of course, focus on light positions and manage risk well.

BTC-0.16%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
5
Repost
Share

Comment

0/400

SchrodingerProfit

· 11-15 22:50

Another golden cross? Can it not deceive me this time? Is 100k really that easy? I believe you, my foot. Is the EMA going to trick me into catching a falling knife again? Light Position, Light Position, just listen to it, I'm fully invested for real. That 94500 point has long been surpassed, can I still enter a position now? Try a long order? My long order has been trapped for three days already. Capital inflow? Feels like it's all just the inflow of suckers being played for.

View OriginalReply0

NftDeepBreather