Jinrui of Coin Circle 7.18: Accurately win the long orders in the early morning. Market analysis after the short liquidation selling pressure

Only when the heart is as calm as water can you have a long-term spirit. Investing is only for making money. Everything else is false. Making money is the kingly way. Hello everyone, I am Jinrui of Coin Circle!

Judging from the order book and liquidation heat map below, the current market has very strong upper resistance.

The upper resistance zone is between $65,500 and $66,000. If this price range is broken, Jinrui believes that Bitcoin will be expected to reach $70,000 again.

Last time, the market rose sharply due to short selling pressure caused by liquidation. This is also an important basis for judgment, so please pay attention to it.

[BTC 4-hour chart]

As Jinrui analyzed yesterday, the 4-hour level is expected to fill the deviation from the 25EMA. All EMAs are upward, so the trend is still bullish.

The recent important horizontal line is around $63,500, which is the point where the 25EMA overlaps with it.

Therefore, considering the 25EMA as support, buying on dips is the current strategy.

【BTC 1-hour chart】

The 1-hour level is currently affected by the upper resistance and is gradually pulling back. When consolidating in the high area, it is possible to enter the market and make a profit in a small amount.

~Short-term entry point on July 18~

Go long at 25EMA in 1 hour

Long price: 63,800~64,000 US dollars

Stop loss price: 63,400 US dollars

Target price: 65,000~65,400 US dollars

Since the trend is upward, the basic strategy is to buy on dips. No one can predict the future, what we can do is to face the chart and gradually accumulate profits.

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I have conducted in-depth research on spot contracts, BTC, ETH, and other altcoins for many years. If you are not doing well in trading or are suffering from long-term losses or being stuck in a trade, you can follow my official account (Coin Circle Jinrui). Investment is risky, and you need to be cautious when entering the market. The market is constantly changing every day. All I can do is to use my many years of practical experience to help you so that your investment decisions and business management are on the right track.