Coin Circle Jinrui 7.22: Biden withdraws from the election, beware of sudden pullbacks. The best time to buy on dips during the day

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Jinrui's strategy in yesterday's analysis, the long order layout near $66,800 reached $67,600 at 1 a.m., winning 800 points of profit space.

[BTC 4-hour chart]

After Biden withdrew from the election, Bitcoin fell sharply, but rebounded at the 4-hour 25EMA.

Although there was no deep pullback, the strong upward trend continued, so Jinrui suggested that everyone should be wary of sudden adjustments.

The 25EMA at the 4-hour level played a role as support, and at the volatility level, the ideal time to enter the market is to wait for the gap between the 25EMA to narrow.

Even if it falls, $66,000 will be a very solid support, and the market tone will remain strong.

Therefore, there is only one strategy today, which is "buy on dips."

【BTC 1 hour chart】

The 1 hour level is still some distance away from the top of the parallel channel, so it is expected that there will be room for further increase.

As the high resistance, $68,500 is also the price range that has been concerned in the early stage. If it breaks through this range, Jinrui can expect to rise to a higher price.

~ July 22 ultra-short-term entry point ~

① Buy long in the range of $66,400~66,600. Stop loss price: $500. Target price: $67,500~68,500

② Buy long in the range of $67,300~67,500. Stop loss price: $500. Target price: $68,000-68,500

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

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I have conducted in-depth research on spot contracts, BTC, ETH, and other altcoins for many years. If you are not doing well in trading or are suffering from long-term losses or being stuck in a trade, you can follow my official account (Coin Circle Jinrui). Investment is risky, and you need to be cautious when entering the market. The market is constantly changing every day. All I can do is to use my many years of practical experience to help you so that your investment decisions and business management are on the right track.