Jinrui 7.7: Rebound, double top and key EMA analysis Jinrui accurate entry position

Only when the mind is as calm as water can you have a long-term spirit. Investing is only for making money. Everything else is empty. Making money is the kingly way. Hello everyone, I am Jinrui in the currency circle!

Although Bitcoin has rebounded by about $3,000 in the past two days, it is still necessary to be vigilant about the formation of double tops at the daily level.

The long idea during the rebound is certainly worth paying attention to, but it should be profitable in the short term to accumulate steadily.

Jinrui's entry ideas and chart interpretation have been explained in detail.

[BTC 4-hour chart]

As Jinrui expected before, the 4-hour level filled the deviation from the 25EMA.

At the same time, $58,000 is also an important support and resistance conversion point in the near future, and the current price is also under short-term pressure from the 4-hour 25EMA.

Based on the above two points, it is recommended to short near the 4-hour 25EMA and use this as a trading strategy with a reasonable profit and loss ratio.

【BTC 1 hour chart】

At the 1 hour level, the current horizontal support is still valid.

~ July 5 ultra-short-term entry point~

When rebounding to around $58,600, go long. The orange area is an important support and resistance level in the near future. Many traders hold short positions here. Therefore, if this area is broken, Jinrui expects that shorts will be forced to close their positions, triggering further increases, so Jinrui recommends placing orders in this area. Stop loss price: $58,300 Target price: $59,300

Go long when the 1 hour 25EMA stabilizes, long price: $57,400 Stop loss price: $56,800 Target price: $58,400~$59,300 And $56,800 is also an important support and resistance conversion level. If the price pulls back to $56,800 and rebounds. Then a head and shoulders bottom pattern will be formed, which also indicates greater upside potential.

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