Bitcoin Market Analysis and Trading Suggestions on July 1 (Written at 6:49)
The current price of Bitcoin (BTC) is around 107,200. From the 4-hour chart, the market overall shows characteristics of a range-bound downward trend. In the short term, the market price is expected to continue maintaining the current oscillating pattern. However, due to the MACD showing bearish signals, bearish sentiment is likely to strengthen, which may lead to further testing of the support level near the lower Bollinger Band at 106,600. At the same time, caution is needed for a potential pullback under the key resistance range of 108,400-108,900. It is recommended to take partial profits and reduce positions if high short positions are received, while strictly maintaining stop-losses. Continue to monitor the support and breakdown situation at the lower Bollinger Band at 106,600, which can be viewed as a short-term support and defense point. Observe whether a clear stop-loss signal forms before entering long positions. Short-term investors can still look for high sell opportunities within the oscillating range. Recently, the K-line pattern has frequently shown "double tops" as short-term resistance signals. The current bullish market momentum is weakening, and extreme oversold signals have not appeared. There is a chance for a weak rebound or brief consolidation in the short term, but the overall downward trend remains quite evident. The TD indicator shows the market is in a state of multiple rebounds and pullbacks within an oversold and weak oscillating range. The three Bollinger Bands are overall narrowing, with the price currently oscillating between the middle and lower bands, indicating a potential signal for a breakout below the lower band. Both KDJ and RSI are expanding downward and are about to enter the oversold zone, so strong reversal signals need to be defended against. The MACD has again shown a death cross signal, with green bars turning to red and gradually increasing, suggesting that short-term adjustment or downward risk is increasing. Based on short-term indicators, it is suggested to continue entering short positions on rebounds.
Sell Point: ≥ 108,400 short, stop-loss at 109,000; take profit at 107,500-106,600; if breaking below 106,500-106,100, continue to hold for below 105,000.
Buy Point: Continue to monitor strong support near the lower Bollinger Band at 106,600 for re-entry. The target can be determined based on the market. If unable to break through the key resistance at 108,600 and 108,900 in the short term, consider reducing positions and taking profits to continue shorting. If the top resistance range is directly broken, adjust the short position accordingly.
The article review and push have delays; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!
Follow the blogger to avoid getting lost in trading. Scan to add "Coin Circle Red Sister," where daily benefits await your participation!
Thus, our journey in the cryptocurrency world begins to step into a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope you maintain a thirst for knowledge and a spirit of exploration in the days to come.
Remember, the cryptocurrency world is not just about numbers and charts; it is an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, may you all shine on the stage of cryptocurrency, realizing your value and dreams. Wherever and whenever, Red Sister cheers for you, looking forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the cryptocurrency world, returning with a full load!
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。
