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

Bitcoin is slowly testing the 118,000 line during the day, currently under pressure in the resistance area. If it breaks this short-term level, it is expected to test further. The intraday trend has started to enter a phase of consolidation, continuing to hover around the 118,000 line. The upward momentum has weakened today, but the short-term oscillation pattern has not changed. The key resistance above the current price is still seen at 118,500-119,500. Without a breakthrough, the upper space will not open, and the increase will not continue further. Therefore, it is advised not to blindly chase after price increases and to be cautious of price retreating to support.

From the short-term 4-hour chart, the Bollinger Bands show a slight contraction. The price has just broken through the middle axis resistance of the Bollinger Band and has touched the lower track support level, continuously showing a rebound, with the oscillation range somewhat compressed. Currently, all moving averages and the MACD indicator suggest upward momentum, but there is still strong resistance above in the short term. Therefore, it is expected that the oscillation market will continue for a while, and all cryptocurrency friends should prepare in advance. The short-term resistance above is focused around 119,000, while the support below is around 116,500. The strategy is to sell high and buy low.

7.27 Bitcoin Short-term Reference:

Sell point above 118,800, stop loss at 120,800, take profit: 500, target below 117,500,

Buy point below 116,500, stop loss 500, add position at 114,500, target above 117,000,

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly. Regardless of how accurate the market judgment is, always manage your take profit and stop loss properly to ensure your gains. #BTC #ETH #BTC走势分析 #GalaxyDigital抛售比特币 #以太坊交易量反超比特币