$BTC

$BTC
Bitcoin continues to consolidate, altcoins embark on a journey to escape the peak, and altcoin trading volume surpasses BTC!

Bitcoin has tested the blue channel line for the first time, coming down from the top; 115 is the second time it has come down~ Generally, the second time will see a resurgence. Third time's the charm!

From a larger perspective: the daily chart shows a death cross, the 2-day chart diverges, and the 3-day chart has a double top. Whether this will hold is uncertain, just a signal. (Readers can adhere to their own intentions and need not be influenced)

Operational principle: As long as the blue line is not broken, we still look upward. (If the trend hasn't broken, one can still bet on a rise)

Each layer of moving averages acts as resistance; breaking the 10,000 line with a single candlestick before the end of the month will be challenging, but if it lands on the end of July or early August with a bang, that would be much more promising!

Since a major central range is being built between 119-116, let's just focus on this central range for short-term trades!

The fear and greed index hasn't broken 80, so there are still opportunities. If it reaches 85-90, then it's basically game over.