$BTC 《BTC Market Analysis》7/23
Weekly:
K-line historical trend is bullish 133,000
Bollinger upper band pressure still has room
KDJ high position crease
MACD golden cross has not reached a high position (key point)
Vol three bullish lines followed by one bearish line and then continued bullish, indicating sufficient bullish energy.
Indicator summary is bullish
Daily:
Support at 115,500 (Bollinger middle band and K-line support)
K-line has been oscillating in the recent 9-day range (115,500-120,500)
MACD dead cross, KDJ touches bottom and reverses (forming a counter trend)
Vol two bullish lines followed by a bearish line.
Indicator summary: Continue to see range oscillation, release MACD to come down a bit, and it will rise later.
12-hour:
Bollinger three bands are flat, and the market is forming a range oscillation
MACD dead cross has released space
KDJ dead cross embryonic stage
Vol two consecutive large bullish lines followed by a short bearish line
Indicator summary: The market oscillation has released the MACD space, currently KDJ dead cross, vol bearish energy is released, this needs to transition down again, but ultimately the market is still bullish. A typical pause process after a big surge is being drawn.
Market summary: The market still has a wave of bulls, 123,200 points is not the high point of this bull market. No matter how it oscillates, it still has to rise. This will only be a big trend; there are still opportunities for spot layout, but BTC price has reached here, buying spot BTC is not cost-effective in terms of profit, better to look at ETH, SOL, and other quality altcoins!
As for contracts, this market analysis can be ignored, mainly focus on the waves
