$BTC 📚July 17th Analysis - After High-level Volatility, a Direction Will Always Be Chosen❗️Stay tuned, let's slowly enjoy the gains with Yan Ge🥳
👂Current price 118438, located within the 30-minute midpoint (5), close to the upper track 118872. After yesterday's bottom consolidation + similar to a type 3 buy, the public point was accurately taken profit from 117800 to 120000, forming the departure segment ST of the midpoint, which is in the same direction as the entry segment KL. Therefore, this midpoint has been confirmed as expected. At point T, which is 120100, a 30-minute sell was formed, with the first sell being the highest risk and the highest return. Due to the emergence of a head and shoulders pattern in the 30-minute chart, it cannot be determined whether ST is the final departure segment of the midpoint or just an internal fluctuation line segment of the midpoint. Hence, a trend order cannot be executed; only a short-term sell order can be placed.
🎈Short position: Enter short near the upper track of the midpoint 118872, first take profit at the lower track of the midpoint 116860, second take profit waiting for the price when breaking the head and shoulders neckline, using this price -2200 points as the final take profit price for the short position. If not broken, just take profit at the first position for safety.
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