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

Bitcoin overall maintained a downward trend yesterday, with the price fluctuating within a range during the day. In the evening, the trend continued to rebound, and the current price has shown some upward movement, facing resistance near the 118800 level. The daily trend still maintains a consolidation pattern, and the intraday oscillation range is continuously compressing. If it breaks below the short-term support of 117000 again, it is expected that the market will further retreat to the support level around 116500.

From the short-term four-hour chart, the current price rebound has reached the middle track resistance, but it has not broken upward again. Currently, there has been a pressure correction. If the rebound does not continue for a long time and the bullish momentum is exhausted, there is a risk that the intraday gains may be wiped out again. Although the price has rebounded, it has not broken through the resistance area. The bullish strength is gradually weakening, coupled with the five-day and ten-day moving averages starting to flatten, and the MACD and Stoch indicators showing weakened upward momentum, indicating a tendency to converge. Therefore, it is expected that the weak oscillation pattern will continue, and there is still a risk of price retreating to lower support during the day. I hope all cryptocurrency friends are well prepared. The operational range is high for short positions and low for long positions.

7.21 Bitcoin Short-Term Reference:

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

Upper test entry point 115500 -116500 long, stop-loss 500, defend 114000, target above 117500,

The message may be delayed; strategy suggestions are for reference only. The market changes rapidly, and no matter how high your market judgment is, always set your take-profit and stop-loss to secure your gains. #以太坊突破3700 #BTC #ETH #BTC☀️