Analyst Liang Qiu: 7.14 Bitcoin Aunt continues to look for further decline in the evening

Bitcoin Aunt broke a new high today and then retreated again. We positioned ourselves between 121500 to 122000 and around 3040 to 3060 during the day. Although the entry was somewhat aggressive, I repeatedly reminded to be patient and hold on while waiting for a peak and subsequent decline throughout the day; overall, there is still some room. Currently, the market has retreated somewhat, and the four-hour chart is about to close with a bearish candle after a peak. Especially for Bitcoin, after the peak, it has been fluctuating downwards without a proper rebound, so further declines can be expected in the evening.

On a day like today, I believe many people are chasing long positions. I also mentioned multiple times during the day that the trend of breaking new highs is indeed strong and undeniable. However, if the short-term surge is too large and it hangs at the peak, subsequent declines will be very uncomfortable. As long as we break the high point and gradually enter short positions below the peak, testing the upper resistance step by step, even if we get stuck in a position in the short term, it won't be too much, and there won't be too much psychological pressure.

Evening trading advice: continue to enter around Bitcoin 120300 to 121000, targeting around 118000; for Aunt, continue to enter around 3030 to 3050, targeting around 2950.

[The above analysis and strategy are for reference only; please bear the risks yourself. The article's review and publication may not be timely; specifics are subject to real-time conditions.] #BTC突破12万大关