Crypto world Red Sister 10.29: BTC downtrend long wick candle 4H closes again, long positions break again? Today's Bitcoin (BTC) latest market analysis and trading advice!

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The current price of Bitcoin is around 115,400. The market is currently at the upper Bollinger Band position on the 1H chart. The intraday price surged to 116,000 and then quickly retested the mid-band and the MA60 support range to continue moving upwards. In the MACD, green bars have appeared again with increased volume, and the DIF and DEA have momentarily opened upwards. The KDJ and RSI have also turned upwards again, with the mid-band and MA60 providing secondary support below, allowing for long positions to be set.

The BOLL upward channel continues to exist on the 4H chart, and the k-line has not yet fallen below the midline during the day, and the midline continues to rise above yesterday's low point. The increase in the red bars of the MACD is not strong, but after the DIF and DEA dead cross, they have started to converge again, which needs attention for a potential reversal. The KDJ upward crossover has been successful, and the three lines of the RSI are in the middle-upper zone continuing to rise, indicating that there is still room for a rebound after a short-term pullback; it just depends on the speed of the move. We need to continue to monitor whether the market can break through the upper track and the pressure of the previous high during the upward exploration. If it breaks, it will still reach above 117000, so the defense for short positions must be well prepared! It should be noted that the daily upper track is quickly converging below 118850, and the KDJ is also approaching overbought, so chasing long positions still requires consideration of the risk of a significant pullback!

Selling point share: Light short at ≥117000, stop loss above 118900. Take profit at 116000-114900-113800.

Buying point sharing: Buy long positions at ≤113800, with a stop loss below 112700. Take profit at 114700-115800. If it breaks 116000-116500, you can continue to hold around 117000.

There is a delay in article review push notifications. The above points are for reference only. Please grasp the timing for buying and selling on your own, and ensure proper risk management when entering the market. Do not operate with heavy positions! Thank you for reading!