#GENIUS稳定币法案

7.20 Weekend Market Overview: BTC Trading Strategy Remains Unchanged

BTC closed the morning with a Doji candlestick, continuing to trade sideways during the day

Yesterday, Trump signed the U.S. "GENIUS" Stablecoin Act, perhaps the U.S. is really aiming to become a leader in the crypto digital space. Will the good news be fully priced in, and will it lead to a bearish trend? Bitcoin continues to oscillate around 11.76-11.82, waiting to see if there will be a trend change after the U.S. stock market opens in the evening, and whether MicroStrategy will continue to increase its BTC holdings, which could lead to a trend change and upward movement in the evening.

The trading strategy for Bitcoin remains unchanged. First, according to the harmonic bullish Saffo pattern, Bitcoin will continue to rise; second, once the support zone of 11.76-11.82 is broken and stabilized, it will be an opportunity to go long; waiting for a right-side breakout and stabilization above 11.82 to enter long positions, with a stop loss at 11.68 and targets around 12 and 12.16; conversely, if the D point reverses, a short position can be taken with a stop loss at 12.24, targeting 11.93 and 11.79.

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