Crypto world Red Sister 10.9: After the BTC 4H death cross, can the three closures succeed? Today's Bitcoin (BTC) latest market analysis and trading advice!

The current price of Bitcoin is around 123200, after the market fell to the 120000 level in the early hours of yesterday, a slight rebound has formed again, just at the 1-hour EMA200 position. Currently, the 1H channel is moving upward again, and the performance in MACD shows that the green bars are shrinking and slowing down. The DIF and DEA failed to converge in the early morning, resulting in a divergence upwards again. The RSI is facing resistance on the downside and is starting to turn, indicating that there is still bullish space.

In the 4H chart, the Bollinger Bands channel is skewed downwards, and attention should be paid to the contraction of the lower band in the short term, which may form a key support with EMA60. Currently, the K-line is positioned at the middle band, the red bars in MACD continue to shrink, and the DIF and DEA have failed twice to converge successfully since the death cross on the 4th. However, the coin price has not retraced much, including currently entering the third convergence phase, indicating that the main force has been firmly holding the 120,000 mark, which may push the coin price to rise again. Both KDJ and RSI are continuing to approach the oversold area. Hongjie suggests that short-term bulls complete their positions, and if the convergence failure is confirmed, one can enter a high short, and if it bounces back to the 4H key support level, one may go long.

Selling points: ≥115000 light short, stop loss above 126200; take profit 123200-122300-121400; breaking below 121000 can continue to hold near the 120000 mark!

Buy point: ≤121100 light long, stop loss below 120000; take profit at 123200-124100-125000; if it breaks above 125500, you can continue to hold!

There is a delay in the article review push. The above points are for reference only. Please grasp the timing of buying and selling yourself. When entering the market, please be prepared for risk control and avoid heavy positions! Thank you for reading! #BTC再创新高 #十月加密市场预测 #Gate热门新币推荐 $BTC $ETH