7.13 Bitcoin Market Analysis and Entry Strategy Reference
Long Strategy (Enter after breakout confirmation)
1. Entry Timing
- If the price stabilizes above $117,000 (previous high support level), you can gradually accumulate positions, targeting the previous high of $118,171 and above.
- Combine with hourly RSI rising above 50 and increased volume signals to enhance confirmation of bullish momentum.
2. News Support
- Recently, the scale of short covering has surged (reaching $318 million in 24 hours), indicating that a short squeeze may continue.
- If macro data such as the US CPI is favorable for risk assets, it may drive further inflows into cryptocurrencies.
Short Strategy (Positioning after pullback signals appear)
1. Entry Timing
- If the price breaks below the support of $116,865 (key intraday low), you can lightly short, targeting the range of $116,000-$115,500.
- Combined with a 4-hour chart showing a bearish divergence pattern (new price high but weakening RSI) or large on-chain transfers to exchanges, indicating selling pressure.
2. News Risks
- After reaching historical highs, profit-taking sentiment is rising, and the leverage of long positions is relatively high, making it prone to technical pullbacks.
- Regulatory dynamics (such as rumors about US SEC policies) may cause short-term volatility.
Key Operation Suggestions
- Bull-bear boundary reference at $116,800: If it stabilizes, lean towards bullish; if it breaks, shift to bearish trend trading.
- Position Management: Do not exceed 20% of total capital in a single trade to avoid excessive leverage.
- News Tracking: Pay close attention to the performance of US stock market openings and updates on CoinGlass short covering data.
Note: The above strategies should be adjusted based on real-time market conditions, and more on-chain data can be referenced. For detailed macro event impact analysis, see.
