7.5 Coin Circle Mr. Coin: Bitcoin (BTC) Market Analysis Reference

The Bitcoin market continued to fluctuate downward yesterday, with prices under pressure around 110,000. Although there was a rebound later, the upward momentum began to weaken. It fell again during the day, and has now approached the support area mentioned yesterday near 107,200, which provided some relief. The previous gain is being retraced.

From the four-hour level chart, the Bollinger Bands are in an opening posture, and the price is running below the middle line, maintaining a weak fluctuating trend. All moving averages are in a downward posture, and the short-term range is continuously moving down. If it breaks below the daily support of 106,000 again, there is a risk of further downward movement today. Conversely, if the 106,000 line holds, the price will still lean towards upward movement. Currently, the trend is showing a downward fluctuation, so unless the market breaks and stabilizes above 108,200, the fluctuating market will continue for some time.

7.5 Bitcoin Short-term Reference:

Lower test entry point 109,500-108,300, stop loss 111,500, take profit: below 107,800,

Upper test entry point 105,500-106,600 long, stop loss 500, defense at 104,000, target above 107,000,

There may be a delay in article transmission, and strategy suggestions are for reference only. The market changes rapidly; regardless of how accurate the market judgment is, always ensure to manage take profit and stop loss effectively, securing profits safely #BTC #BTC走势分析 #非农就业数据来袭 #ETH #特朗普马斯克分歧