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7.19 Weekend Market Overview: BTC shows bullish Saif pattern

BTC opened the morning with a candlestick showing an upper and lower shadow, with a real body in the negative, lacking liquidity over the weekend, likely to remain in a sideways trend during the day.

The main coin created a new high of 12.33 before retreating; after a rebound, it fell back again, and now a V-shaped rebound appears again. The bullish trend continues; every time the lower wick does not break the real body, it gives us an opportunity to enter long positions.

The main coin also shows a bullish Saif pattern, predicting that point D will land around 12.16, with nearly 3000 points of space; waiting for a breakthrough on the right side to stabilize at 11.82 to enter long positions, with a stop loss at 11.68, targeting 12 and around 12.16; conversely, if point D reverses, take a short position, with a stop loss at 12.24 and targets at 11.93 and 11.79.

The Saif pattern does not necessarily need to play out and requires time; strategies can be prepared in advance, waiting for opportunities to enter the market; BTC spot ETF has interrupted a continuous 11 days of net inflow, with a net outflow of 1120 coins yesterday, and BlackRock has not yet exited; 24H total liquidation across the network reached 822 million USD, with long positions at 547 million and short positions at 275 million.

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