Academician: Can 7.25 BTC turn danger into safety, will Rebound break through 68000? The short-term battle between long and short positions is about to escalate! The latest market analysis interpretation


The essence of trading is survival, followed by profit. So, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, constantly optimize and improve it. The advice of the crypto world experts may not make you rich overnight, but it can ensure that you will always have support. Only those who survive in the crypto world for a long time and persist until the end can achieve the results they want. Hope you can understand.
I am a crypto world academician, a warrior who has always been protecting suckers, and I wish my fans to achieve financial freedom in 2024, come on together!
First, let's review yesterday's idea of shorting at 67000, which was closed at 66000 in the end. It was a close call. The highest point of the daily candle was around 67150, and the lowest point was around 65500, taking a 1000 point space. The expected support bounce did not come, and instead continued to consolidate. The Order Book EMA trend indicator continued to contract, and the KDJ divergence expanded downwards. The Bollinger Bands began to point upwards with three lines, while the MACD volume decreased. After the DIF and DEA contraction, the trend is currently consolidating around 66000. At the time of writing, the current price of BTC is around 66500.
The four-hour Candlestick is at the top of the EMA trend indicator, and is blocked by the EMA15 trend line at 66500. It is obvious that this position belongs to a balance point. The oscillating market continues. The KDJ is expanding with the Bollinger Bands, and the Candlestick is currently below the middle track at 67000. The upper track follows the resistance level at 68400, and the lower track is supported near 65400. There is a wave of short positions to refer to in terms of thinking. The current market is suitable for swing trading in the range of 67500 to 65500. Please pay attention to safety first.
Short-term strategy reference:
Short at 68200 to 68400 on the top, stop loss 500 points, target range 67000 to 66000, breakage to 65500 to 65000
Long in the 63300 to 63600 range below, defending long at 62500 to 62300 for margin replenishment, target near 64500, breaking through to 65000, stop loss 400 points,
Specific operations are mainly based on real-time data from the Order Book. For more information on long positions, you can consult the author. Please note that there may be latency in the publication of articles. This information is for reference only and you assume the risks.
BTC0,02%
NOT-0,4%
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MyAccvip
· 2024-07-24 18:57
To Da Moon 🌕
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