2025.7.9 Bitcoin ($BTC) Market Analysis and Trading Strategy
1. Market Analysis
① Daily Level: Yesterday, the daily candle closed as a bullish candle with upper and lower shadows. The high point is lower than the day before, and the low point is also lower than the day before, indicating strong resistance above and a need for further downside. The MACD energy bars are shortening, indicating insufficient upward momentum, and there is a trend forming a death cross on the fast and slow lines, suggesting a bearish outlook.
② 4-Hour Level: The high points of the candles are gradually decreasing, and a death cross has formed above the MACD zero line. Below, pay attention to the support area of 107700–107500. If broken, it could drop to 106500–106000–105000. Above, watch the resistance levels at 109100–109600–110600.
2. Trading Strategy
For intraday short positions, one can set up short positions around 109100, adding to the position at significant resistance above. For long positions, set up initial positions around 106000, adding at 105000, and strictly implement stop-loss and take-profit measures.