#加密立法新纪元 7.20 Weekend Market Overview: BTC Trading Strategy Remains Unchanged

BTC closed with a doji candle this morning, and continues to consolidate during the day

Yesterday, Trump signed the U.S. 'GENIUS' Act, perhaps the U.S. is really aiming to become a leader in the cryptocurrency digital space. With the positive news fully digested, could this signal the start of negative sentiment? Bitcoin continues to fluctuate around 11.76-11.82, we'll see if there's any change after the U.S. stock market opens tonight, and whether MicroStrategy continues to increase its BTC holdings, which could lead to a price surge

The trading strategy for Bitcoin remains unchanged. First, based on harmonic patterns, the bullish Cypher pattern suggests Bitcoin will continue to rise; second, if the support range of 11.76-11.82 is broken and stabilizes, it presents a buying opportunity; wait for a right-side breakthrough and stabilization at 11.82 to enter long positions, with a stop-loss at 11.68 and targets at 12 and 12.16; conversely, if the D point reverses, enter a short position with a stop-loss at 12.24 and targets at 11.93 and 11.79

Friends passing by, please take a moment to follow and like, your support means the most to me, thank you! The above information is for market analysis only and is not a trading strategy; follow me so you won’t get lost, as I provide you with the latest news and price analysis every day, along with the wealth code you desire, remember to follow and like!