Mr. Coin Circle: 7.10 Bitcoin (BTC) Market Analysis Reference
The market logic yesterday, as I mentioned to everyone, is that the medium-term bullish pattern has not deteriorated, and there is no need to blindly short. Today’s market perfectly verifies this judgment. Let’s combine the 4-hour long-term and 1-hour short-term analysis to fully dissect the current trend. On the 4-hour level, the current price is around 64000, with a daily increase of 1.8%, and a net capital inflow of 350 million. The main funds have entered the market to support. The price is stabilized above the upper Bollinger Band, and the overall pattern remains in a high-level consolidation. The previous low support around 62500 is effective, with no break on the pullback, resulting in a wave of rebound. On the indicator level: the 4-hour MACD red bars continue to amplify, with the DIF and DEA lines diverging upwards, indicating sufficient bullish momentum. The RSI has reached 74.5, approaching the overbought zone, suggesting a slight pullback may be needed to digest the indicators; the KDJ three lines are all in a high position, with the J value touching 107 in the overbought area, indicating a technical correction after the rise, with the first resistance at the upper level of 64691.
Looking at the 1-hour short-term, the trend is extremely strong, with the Bollinger channel rising continuously, and the price steadily increasing based on the middle Bollinger line. The daily high reached 64185. The 1-hour MACD maintains red bars, with dual lines keeping a bullish arrangement; RSI at 68.6 also approaches overbought, and the KDJ is in a high position with convergence, indicating that the upward momentum is diminishing, and the rise is weak. The short-term support below is at 63500 (Bollinger middle line position), with strong support at 63000. Overall market summary: the medium-term trend remains biased towards strength, with continuous capital inflow supporting the market; however, the short cycle has all entered the overbought area, so do not blindly chase highs. Suggested strategy: those who held on to low positions yesterday should continue to hold, aiming for the previous high line at 64691, and reduce positions to realize some profits; do not chase now, wait for a pullback to the support range of 62800-63300 to buy again, and set a stop loss below 62500; the above is only a technical sharing of the market, not constituting any investment advice. Follow Mr. Coin for real-time market analysis.
7.10 Bitcoin Short-Term Reference:
Bearish in the range of 64600-65600, with a stop loss at 66500, and a loss cut of 500 points, aiming below 63500
Bullish in the range of 62300-63000, aiming above 63500, with a stop loss of 500
There may be delays in sending messages, and the strategy suggestions are for reference only. The market changes rapidly; regardless of how confident your market judgment is, be sure to include stop losses and take profits to secure gains.
7.10 Ethereum Short-Term Reference:
Above 1825, bearish, with a stop loss at 1870, aiming below 1760,
Bullish in the range of 1680-1730, with a stop loss at 1600, aiming above 1770,
There may be delays in sending messages, and the strategy suggestions are for reference only. The market changes rapidly; regardless of how confident your market judgment is, be sure to include stop losses and take profits to secure gains.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Talks About Coin) for methods to add: The first ten each day can receive free exit strategies.
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