Master said about the coin: 5.30 Bitcoin intraday market analysis and suggestions

Many operators have had related experiences, and from the perspective of the market itself, everything seems full of hope. However, at this very moment, subtle inner signals of danger have already emerged. Only through long-term research on the market and extensive experience can one gradually cultivate this special sensitivity.
Bitcoin 4-Hour Chart

From the MACD indicator on the 4H chart of Bitcoin, the current DIF line and DEA line are operating below the axis, with the DIF line below the DEA line, indicating that the price of Bitcoin is in a weak oscillating state. The histogram shows alternating red and green bars, but the red bars are decreasing while the green bars are increasing, suggesting that Bitcoin's price may face downward pressure in the short term. On the KDJ indicator, the K, D, and J lines are all hovering at low levels, indicating that the price is in an oversold state and has a demand for a rebound, but the strength is not strong. At the same time, Bitcoin's price is close to the lower Bollinger Band, which may indicate signs of being oversold and may converge towards the middle band. The middle band moving average is tilted upwards, but the price is below the middle band, indicating an overall bullish trend, but it is under significant short-term pressure. Next, the upper and lower bands are beginning to contract, which may indicate that Bitcoin's price is about to enter a range-bound oscillation phase.
Bitcoin 1-Hour Chart

From the MACD indicator chart at the 1H level of Bitcoin, it can be seen that the DIF line is operating above the DEA line, with both moving averages diverging upwards. At the same time, the MACD histogram shows a significant increase in red bars, all of which indicate that Bitcoin's price has strong upward momentum. Additionally, the KDJ indicator shows that the K and D line values are diverging above 50, and the J line value is at a high level with no obvious signs of a pullback, further confirming the upward price trend. Moreover, the current price is located between the middle and upper Bollinger Bands, with both moving averages tilted upwards, further enhancing the confirmation of the upward price trend.
Comprehensive Analysis: Based on the signals from the MACD and KDJ indicators, Bitcoin may experience further rebounds, especially since the 4-hour KDJ indicator shows an overbought state, and the market has upward momentum. The Bollinger Bands indicate that price volatility is decreasing, and the price is expected to stabilize at the middle band and move towards the upper band. Attention should be paid to whether the price can break through the middle Bollinger Band and stabilize. If the price fails to effectively break through the middle Bollinger Band and continues to rise, one should guard against the risk of a short-term pullback.
In summary, here are the following suggestions for reference:
Suggestion 1: Go long near 68000, target 70150, stop loss at 67400
Suggestion 2: Go short near 70150, target 67400, stop loss at 70650
Instead of giving you a 100% accurate suggestion, it is better to provide you with the correct mindset and trend. After all, teaching someone to fish is better than giving them fish. Suggestions can earn you a moment, but learning the mindset can earn you a lifetime! The focus is on the mindset, grasping the trend, and planning the layout and position. What I can do is use my practical experience to help everyone, guiding your investment decisions and management in the right direction.
Written on: (2024-05-30, 12:00)