Coin Circle Jinrui 7.15: Will short covering turn the strong market? Sharing of short-term target strategies

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First of all, Jinrui expects that the rise this time is "the rise caused by short covering", and the liquidation price is $60,000. The buy orders are very dense between $59,500 and $60,000.

The rise caused by short covering may not reach a new high, but will form a callback, so Jinrui recommends paying attention to the buying opportunities of the callback.

[BTC 1 hour chart]

At the 1-hour level, since both the lows and highs are rising, Jinrui recommends mainly buying on dips in the short term.

At present, the "25EMA" is highly concerned.

Judging from the order book, there are many buy orders from $59,500 to $59,000, so you can actively go long in this area.

~ July 15 ultra-short-term entry point ~

When the 1-hour chart 25EMA is supported, long long price: $60,300 Take profit price: $61,400~$62,000 Stop loss price: $59,800

Long near $59,000 Take profit price: $59,800-$60,300 Stop loss price: $58,600

If the price falls below the 25EMA today, you can consider short-term trending shorts, because there is expected to be a short-term decline to fill the deviation from the 4-hour chart 25EMA, so please compare different timelines for trading.

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

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