7.31 Bitcoin (BTC) Market Analysis Reference

The Bitcoin intraday market has slightly dipped at the moment, with minor corrections and adjustments occurring throughout the day. Both bulls and bears are gradually becoming entrenched, with prices fluctuating within a few thousand points, currently around the 116300 mark. Key focus for the future market is on the stability around the 116000 line; if the price cannot stabilize and rebound, there is a possibility of a second downturn. I hope all coin friends are prepared in advance.

From the short-term hourly chart perspective, the 4-hour level has consecutively dropped with bearish candles breaking through EMA30 (117984.6) and EMA7 (117540.2), forming a bearish trend. The 1-hour level has seen a long lower shadow testing the 115700 integer level. MACD: The 4-hour level DIF (-195.9) has crossed below DEA (-28.6), with the histogram expanding to -334.6, indicating strong bearish momentum. EMA: Prices have fallen below all EMA moving averages (7/30/120), overall indicating a weak short-term outlook. If there is no strong rebound to stabilize above 118000 during the day, the market will likely continue to experience weak fluctuations. The strategy remains to hold short on highs and long on lows. If prices break below the previous low support at 115700, consider following the trend to short. Resistance is around the 118000 mark.

7.31 Bitcoin Short-term Reference:

Short entry point: 119000-118000 short, stop loss: 121500, take profit: below 117000,

Long entry point: 114000-115000 long, stop loss: 500, defend at 112000, target above 116500,

The article is sent with a delay, and strategy suggestions are for reference only. The market changes rapidly; regardless of how high your confidence in market judgments may be, always manage your take profit and stop loss to secure your gains. #以太坊十周年 #BTC #BTC走势分析