Coin Circle Li Ying: The key node of 4.29 Bitcoin has arrived, unlocking operation secrets to embark on a new journey of wealth! Latest market analysis and operational advice
Family! The current price of Bitcoin is 75900, this trend is quite turbulent, sometimes soaring up and sometimes plunging down, keeping investors on edge. Not long ago, it had surged to a high, but it didn’t last long before retreating. Now everyone in the market is guessing whether Bitcoin will continue its previous upward momentum or continue to correct, all waiting eagerly for direction.
According to the Bollinger Bands indicator, the current price is near the middle band, with a wide gap between the upper and lower bands, indicating that market volatility remains severe. In terms of moving averages, the 7-day, 30-day, and 120-day moving averages show a bullish arrangement, but the short-term moving averages are showing signs of flattening, implying that short-term upward momentum may weaken. In the MACD indicator, the DIF line and the DEA line show a downward trend at a high position, and the MACD value is decreasing, indicating that bullish strength is fading and bearish strength is gradually accumulating, suggesting that the market may face some downward pressure.
Finally, Li Ying provides reference entry points for both bulls and bears. Firstly, for bulls, if the Bitcoin price can effectively stabilize above 76000 and is accompanied by increased trading volume, it would be a good entry signal, with targets looking up to the 78000 - 80000 area. For bears, if the price falls below the 75000 support level and cannot quickly recover, it may initiate a downward trend; at this time, shorting could be considered, with targets looking to the 73000 - 71000 vicinity.
Risk warning: The above analysis by Li Ying is based on real-time market conditions and data, for reference only, and does not constitute investment advice. Trading risks are borne by the trader.
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