7.10 Morning Analysis
Why reverse? Knowing the trend is wrong yet still stubbornly holding on is just waiting to be hit. It's never about waiting to be hit; it's about actively responding to the market.
In the early hours, Bitcoin surged instantly due to the appearance of the 'auntie' (referring to a market term), a result of dual favorable factors: the Federal Reserve announced that most participants support considering interest rate cuts in July, and the yield on the U.S. 10-year Treasury bond auction decreased, leading to reduced returns. With these two factors driving, it broke through the 112000 line again.
Morning Trading Strategy
Long Bitcoin at 110500, looking towards 112000; if broken, further aim for 114000.
Long 'auntie' at around 2730, looking towards 2830; if broken, further aim for 2880.
