Academician of the crypto community: 11.4 Bitcoin (BTC) fell by $10,000 in a week. How many people had a sleepless night again?
The daily K-line is currently above EMA120 at 77,098, but EMA15, EMA30, EMA60, and EMA90 are all pressed overhead, forming a bearish short-to-medium term moving average pattern. The MACD is running below the zero axis, with green bars still releasing, indicating the daily bearish trend has not yet reversed. For the Bollinger Bands, the middle band at 80,380 forms strong resistance, while the lower band at 76,323 serves as a key support in the near term. Overall, the daily chart is in a weak shock phase after a high-level pullback, with bulls and bears repeatedly struggling around 77,000.
The four-hour K-line is relatively clearer. This round saw a rapid drop from the 86,000 high, with a technical rebound after hitting as low as around 76,900. The current price of 77,650 is precisely near EMA15 at 77,517. Above, EMA30 forms short-term resistance at 77,962, while EMA60 and EMA90 constitute a heavier resistance zone between 78,800 and 79,500. On the MACD, DIF crossed above DEA below the zero axis forming a golden cross, and the red bar has slightly expanded, showing short-term rebound momentum. The Bollinger Bands are narrowing, with the middle band at 77,610 almost equal to the current price. The TD sequence shows a buy structure signal at a low, indicating short-term recovery space exists, but the strength of the rebound remains to be seen.
Short-term reference:
Upside: Encounter resistance between 76,500 and 77,000, stop loss at 500 points, target 77,500 to 78,500
Downside: Stagnation between 79,000 and 80,000, stop loss at 500 points, target 77,000 to 76,500
Specific operations should be based on real-time market data. For more information, you can consult the author. There is a delay in article publication, suggestions are for reference only, and the risk is your own responsibility.
