Coin Circle Jinrui 7.19: Short-term long and short strategy analysis Beware of the risk of head and shoulders top pullback

Only when the mind is as calm as water can one be full of energy. Investing is only for making money. Everything else is empty. Making money is the kingly way. Hello everyone, I am Coin Circle Jinrui!

At present, as Jinrui said yesterday, there is a lot of upward pressure. The 1-hour chart shows signs of forming a head and shoulders top, so we need to be wary of short-term pullbacks.

[BTC 4-hour chart]

The 4-hour horizontal line is at $63,500, which meets the conditions of coinciding with the 4-hour 25EMA, so it is a suitable point for long-term operations.

Because the price moves above all EMAs, intraday trading is still mainly buying on dips.

[BTC 1-hour chart]

Because the 75EMA and 25EMA of the 1-hour level suppress the upward trend, if they continue to be suppressed and move, there is a possibility of forming a head and shoulders top.

In this case, Jinrui expects the maximum decline to fall to $60,000.

So today's basic strategy is to buy on dips, but if you have sufficient positions, you can also hold shorts as a risk hedge.

~ July 19 short-term entry point ~

① Short in the range of $63,800~64,100 Stop loss: $400 Target price: $63,200

② Buy on dips near $63,500 and go long, based on: 4-hour 25EMA and horizontal line Stop loss price: $62,900 Target price $65,000~$65,500

No one can predict the future, all we can do is face the chart and gradually accumulate profits.

If you want to get real-time information later, please like & forward to tell me 🙌🏻. If this is helpful to you, I hope you like ❤️ and follow, looking forward to your support.

I have many years of in-depth research on spot contracts, BTC, ETH, and other altcoins. If you are not doing well in trading or have long-term losses and are stuck in trading, you can follow my official account (Coin Circle Jinrui). Investing 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.