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

Yesterday, Bitcoin continued its wide fluctuations, with the price undergoing a correction of over a thousand points, and both bulls and bears were entangled in high-level consolidation. In the early hours of the day, the market once again retested and attempted to rise, with the price fluctuating within a range of over a thousand points. Currently, the price has again retreated to around the 117500 level, indicating that the upper resistance remains quite strong.

From the perspective of the daily chart, the price closed with a bearish candle yesterday, oscillating at a low level within the range, but it did not break downwards. Fortunately, the 116000 line was not broken, and the overall upward trend remains unchanged. The MACD and Stoch lines in the auxiliary chart are closely aligned and flattening, indicating that the intraday market still leans toward consolidation.

In the 4-hour chart, the market has repeatedly approached the middle axis resistance and corrected, while the Bollinger Bands are gradually opening up. Currently, the price is under pressure in the middle band area, with both bulls and bears entering consolidation. The short-term resistance to focus on is the 118800 line, and if a subsequent rebound can break through, the increase is expected to continue further. The support below to focus on is the 116200 line, providing an opportunity to consider entering long positions.

7.20 Bitcoin Short-term Reference:

Lower test entry point 118800W - 119500W, stop loss at 121500, stop loss: 500, target below 118000,

Upper test entry point 115000 - 116000 long, stop loss 500, defense at 1135000, target above 117800,

Article transmission has a delay, strategy suggestions are for reference only, market conditions change rapidly, regardless of how high the judgment on the market is, be sure to set profit and stop-loss levels, securing gains #山寨币突破 #BTC #BTC走势分析 #ETH #ETH🔥🔥🔥🔥🔥🔥