Zhang Lihui edited at 1:25 AM Beijing time on July 1: Today's Bitcoin market analysis and trading suggestions:
Continuing to look at Bitcoin's 1-hour K-line, after another surge above 108,700, it faced resistance from the high point on the 17th of this month, resulting in a pullback. The market was directly pushed back from the upper track, with institutions accumulating over 800 million USD in a sideways manner for several days, all for this moment. Lihui previously mentioned that at high levels, it is better to stay in cash and adjust the opening price rather than chase long positions, as declines always happen faster than rises. Currently, the depth of the pullback has not yet reached Lihui's expectations. The K-line can be seen forming a rebound under pressure near the MA180 position, along with the upper track and MA30 range. There is no need to worry too much about this rebound; those who have short positions at high levels can hold patiently, waiting for a strong breakout. The MACD's fast line is converging close to the slow line, which may indicate a probability of another downward divergence. The KDJ and RSI are crossing at low levels and are about to enter the overbought zone, potentially turning at any time;
In the 4-hour chart, the Bollinger Bands continue to narrow upward, and the K-line was pushed down from the upper track, forming a long lower shadow in the evening as it dipped to the lower track. Currently, it is under pressure from the middle track position. The MACD has formed a death cross again, diverging and opening downward, with volume successfully increasing below the 0 axis. The KDJ and RSI three lines are rising but lack strength. Lihui believes that the downward space has not yet been exhausted, and continues to pay attention to the five key support zones mentioned yesterday: MA220, MA120, MA300, MA180, and MA60. The high-level short strategy remains unchanged; as long as 108,500-108,900 is not strongly broken, the high short strategy can continue to be maintained. Why short? Because the daily indicators have already shown convergence, including KDJ and RSI forming a pullback pattern in the overbought zone. If the daily middle track at 106,000 does not hold, there may be a further drop below 102,000!
Suggested short entry points: A rebound in the 107,900-108,600 range can continue to test short positions lightly; stop loss above 109,000; target 106,800-106,000, and if it breaks below 105,900-105,500, you can continue to hold;
Currently, it is not advisable to consider long positions; it is recommended to observe. The upper space has not yet been opened, and continue to pay attention to whether support can hold below 106,000 before considering taking advantage of the upper space. Remember, do not chase long positions at high levels without a pullback; you can continue to wait for the market to settle before looking for low long opportunities. Specific strategies can be consulted with Lihui based on real-time market changes!
The specific entry opportunities mentioned above can be based on Lihui's real-time notifications! There may be delays in article review and push; the market changes rapidly, and specific entry opportunities must be combined with actual operations, based on real-time notifications. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take profit and stop loss when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are not familiar with trading, feel free to comment and leave messages!
Scan below to follow Lihui for more cryptocurrency operation information!
This article is exclusively published by (public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. Just as "the road is long and has no ending; yet high and low I'll search with my will unbending," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comment area are unrelated to the author. Please discern carefully. Thank you for reading!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
