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

The overall intraday trend of Bitcoin maintains a wide range of fluctuations, with both bulls and bears pulling back and forth by over a thousand points. In the early morning, it rebounded after testing the low around the 107500 line, and the price returned to around 108000 for trading. However, the subsequent supply was insufficient, and the market did not stabilize for further upward movement. Compared to yesterday's trend, the fluctuation range has slightly contracted. If the price cannot show a strong rebound and break through the resistance around 109700 from yesterday, the fluctuation market is expected to continue for a while.

From the short-term hourly chart, the market is under pressure and is retreating. The current price is continuously testing downward, and the trend is entering a correction rhythm. The current price is around 108150, and in the short term, the price is expected to test further downward. Mr. Coin suggests that all coin friends prepare in advance. The current trend is about to approach the middle track high pressure maintenance. If the price cannot effectively break through, there is a risk of further testing towards the 107000 line.

The overall trend of Bitcoin still maintains a wide range of fluctuations, so the operation should maintain high short and low long positions. The upper resistance is focused on 108800-109500, while the lower support is focused on 105700-106500.

7.8 Bitcoin Short-term Reference:

Downward test position 109500-108500, stop loss at 111500, stop loss: 500 target below 108000,

Upward test position 106500-105800 long, stop loss 500, defend at 104000, target above 107300,

The chapter sends with delay, strategic suggestions are for reference only, the market changes rapidly, no matter how high your judgment on the market is, always carry stop loss and take profit, securing profits is paramount #美国加征关税 #BTC #BTC走势分析 #ETH #马斯克计划成立美国党