Coin Circle Jinrui 7.12: Short position layout has been accurately achieved again. Pay attention to the small-level head and shoulders top trend

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[BTC 4-hour chart]

At present, the shorts are still dominant at the 4-hour level. The key lies in the "red trend line". Before breaking through this trend line, even short-term rises will be accompanied by a decline.

Short positions supported by 25EMA can be held at present.

[BTC 1-hour chart]

At present, a head and shoulders top pattern has been formed in the 1-hour chart, so it is necessary to be vigilant about short-term declines.

As shown in the figure at the 1-hour level, it is necessary to be vigilant about the "head and shoulders top pattern". The neckline is located near US$57,200-57,100.

Due to the current high pressure above, Jinrui will continue to focus on rebound shorting before breaking through EMA.

~ July 12 ultra-short-term entry point ~

① Take the 1-hour chart 25EMA as short-term pressure to short, short price: $57,600. Target price: $57,100~56,600 Stop loss price: $58,000

② Go long after breaking through $58,000, long price: $58,100 Target price: $58,900 Stop loss price: $57,700

No one can predict the future. All we can do is face the chart and gradually accumulate profits.

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