7.7 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Last night, Bitcoin broke out of its consolidation phase and subsequently made a slight rebound, returning to the area above 109,000 by early morning. Bullish sentiment began to warm up, and the market started to trend upward. The price is expected to challenge the 110,000 mark during the day, so fellow crypto enthusiasts should prepare in advance.

On the daily chart, the price ended yesterday with a bullish candle, indicating an upward trend. After a low-level pullback near the ten-day defense line, the overall situation has improved compared to previous days, and the middle track support is slowly rising. As long as the price does not drop below the 107,500 level during the intraday, the short-term upward trend will not change.

On the short-term hourly chart, the support below is relatively strong, and the trend has returned to the upper middle track area. Currently, it is facing resistance near the 109,700 position. The price has slightly entered the high range and is fluctuating. Short-term market sentiment is relatively sluggish, with both bulls and bears gradually at a standstill. There is daily support below and a round number resistance at 110,000 above.

7.7 Short-term Bitcoin Reference:

Lower trial entry point 109,500-110,500, stop loss 121,500, target below 108,700,

Upper trial entry point 106,800-158,000 long, stop loss 500, defend 104,000, target above 107,300,

There may be delays in sending messages, and strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in market judgments, be sure to manage your take profit and stop loss well. Secure profits. #马斯克计划成立美国党 #BTC #ETH #BTC走势分析 #现货与合约策略