#MichaelSaylor暗示增持BTC

7.21 Monday Market Overview: BTC has formed a bearish shark pattern and is breaking out to the upside, looking bullish.

BTC opened with a doji star bearish line this morning, and the weekly chart closed with a doji star bearish candle.

The market has begun to develop a bearish shark pattern, just a step away from point D at 11.62; before fully forming the shark, it has started to rebound. Now, the market has also shown a bullish shark pattern, predicting that point D will pull back to 12.04; currently, there is a space of 3000 points from 11.74 to 12.04, so we choose to break out to the upside.

Waiting for Bitcoin to break through 11.76 and hold without retracing, we will enter long positions. Stop loss at 11.67, targets at 11.88 and around 12; chase long at 11.82 with a stop loss at 11.76; these two positions are excellent spots for reasonable breakout long entries; for high shorts, set a position at 12.04, stop loss at 12.1, with targets at 11.88 and 11.79.

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