7.23 Wednesday Evening Thought Analysis
The morning strategy for shorting has perfectly arrived. From the current trend, the support below seems to be quite strong, as it has just not broken the support around 117,500 points.
From the 1-hour K-line of Bitcoin, the price has rebounded after touching the lower Bollinger Band support, and the rebound trend is quite apparent. The MACD lines are bottoming out and beginning to trend upwards, while the KDJ lines have crossed upwards and a golden cross has appeared, indicating an upward trend.
The overall strategy for the evening is primarily to look for a rebound with a low long position.
Evening Operation Suggestions
Go long between 117,300 and 117,800, targeting 119,000. After breaking through, target 120,000. If it doesn't hold, directly flip to a short position.
