As soon as I got up this morning, I locked today's BTC long entry range at 62600-61400. Because there are varying degrees of bearish divergence on the 4-12 hour timeframes today, today's short-term long entry point is not a fixed level—it's a variable that follows the adjustments of the 4, 6, 8, and 12 hour charts. For example, during the morning, the price retraced to around 62455 and rebounded to 63068; this 62455 short-term long entry point became invalid and was not taken. Then it came down again to retest the 4-hour Bollinger Band lower band around 62250, followed by the 6-hour EMA24 (62195) and the 6-hour Bollinger Band lower band at 61900. These two levels are almost identical, so they are merged into one. Meanwhile, the daily Bollinger Band middle band is around 61900/61850, so it's about right to stop there. Conversely, for short positions, there should be a take profit action around 62000.

BTC-0.31%
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