7.22 Morning Market Overview: BTC Bulls and Bears Compete, Altcoins Soar

BTC opened this morning with long upper and lower shadows on a bullish candle, as bulls and bears battle back and forth, with intraday fluctuations trending upwards.

Yesterday morning, after breaking through 11.76 and stabilizing, long positions were entered, with additional purchases at 11.82, targeting a profit of 1200 points at 11.88. The market order to exit was placed at 12, which is 300 points away.

Just now, Bitcoin quickly dipped but recovered, clearly indicating that the market makers intended to seize lower chips and then lighten positions before pushing up again; still opting to enter long positions after stabilizing at 11.76, with additional buying at the golden ratio of 11.82, targeting around 11.88 and 11.97. The MACD golden cross is about to intersect, with a clear signal for a significant upward move; a high short entry is set at 12.04, with a stop loss at 12.1, targeting 11.88 and 11.79.

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