7.26 Crypto Circle Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin's rebound yesterday showed weak upward momentum, and the subsequent price has again moved lower. The daily level correction is still ongoing, currently moving down to the 114660 position. The current price is rebounding and operating around 116500. The upper resistance to watch today is at the 118000 line. If it cannot rebound and stabilize afterwards, a continued correction is expected, so the suggestion for today’s operation is to short in line with the trend.

Looking at the short-term hourly chart, the Bollinger Bands are opening downwards, maintaining a weak oscillation trend, with the middle band slowly declining. The short-term resistance is at the 117500-118000 position. If the price cannot stabilize after the rebound, there is a possibility of a pullback to the lower support, so it is recommended to be prepared. Additionally, the lower band shows a slight opening, and space is gradually being opened, so there is a possibility of breaking down and moving lower, so breaking can be followed up with short positions.

7.26 Bitcoin Short-term Reference:

Short entry point above 117500, stop-loss at 119500, target below 117000, stop-loss: 500.

Long entry point below 115000, stop-loss 500, defense at 112500, target above 116000.

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the confidence in market judgment is, it is essential to manage take-profit and stop-loss effectively. Secure profits: #BTC #ETH #BTC走势分析