Crypto Circle Academician: On July 22, Bitcoin's popularity was seized, and the pressure at the top and bottom is converging rapidly! Is it time to bottom out or a false drop? Latest market analysis and operational suggestions explained
Current Bitcoin price is 103,000, and it is currently 1:30 AM Beijing time. How much have you gained from yesterday's southern strategy? Right now, the big coin is stretching without volume, and the market is in a stage of top divergence. In this case, friends who went south near 119,000 should not all exit, keep a portion of the base position to prevent missing such a good entry point. As long as the upper resistance point of 121,000 is broken, stop-loss and exit; if it doesn’t break, then there’s no need to consider exiting
Before the publication of the daily K-line, the highest was 119,720, and the lowest was 116,500. The EMA15 trend fast line support is at the round number of 116,000. After the MACD top divergence K-line breaks 117,850, the volume will end. The DIF and DEA will also form a dead cross at a high level. The Bollinger Bands open and the top pressure level has started to move down, while the support level has risen to 114,500. The distance between long and short positions is compressing. This kind of market is relatively easy to grasp, especially after the current market heat has been seized by the second place, ultra-short quick entry and exit is more stable
The four-hour K-line has already reached near the triangle mouth, the EMA trend indicator is also hitting and contracting, the MACD is alternating back and forth, and the Bollinger Bands are further contracting. The upper pressure level has reached 119,000, and the lower support level has reached 117,000. The fluctuations in this range have been compressed to within 2,000 points. Based on various indicators, the market has not yet broken key support, so we can only conduct a trial position for the south. Only after confirming can we increase the position south
Short-term thinking reference: The market is not 100% certain, so you must set a stop-loss; safety comes first. Small losses with big gains are the goal, especially when breaking key pressures and supports, stop-loss must still be executed, do not hold on to positions
Northern trial position point 116,500 to 116,000, defense at 115,500, stop-loss 500 points, target look at 117,500 to 118,000, breaking point look at 118,500 to 119,000
Southern trial position point 119,000 to 119,500, defense at 120,000, stop-loss 500 points, target look at 118,000 to 117,500, breaking point look at 117,000 to 116,500
Specific operations are based on real-time data; for more information, you can consult the author. The publication of the article has delays, suggestions are for reference only, risks are borne by yourself