7.28 Cryptocurrency Market Analysis by Mr. Bitcoin: Bitcoin (BTC) Market Analysis Reference

After a slight consolidation yesterday, Bitcoin broke through resistance and moved towards the 119,000 level, with overall bullish sentiment beginning to warm up. Currently, there are two consecutive daily bullish candles, and the market leans towards upward movement; however, the upper space has not been opened. The focus will be on the resistance at the 120,000 level, and it is not recommended to blindly follow the trend until a breakthrough and stabilization occur.

From the short-term hourly chart, the current movement is in a pullback rhythm, with the market reaching a high and then consolidating at a high level, currently operating around the 199,000 position. The short-term Bollinger Bands are beginning to narrow, and the focus will be on the middle axis support level, providing an opportunity to enter long positions. If the subsequent movement can break through the 120,000 resistance level, the expected increase will continue, allowing for a short-term long position, with a take profit target of around 300-800 points.

7.28 Bitcoin Short-term Reference:

Short entry point above 120,000; defend at 122,800; stop loss: 500; target below 118,500,

Long entry point below 117,500; stop loss 500; defend at 115,500; target above 118,500,

The article is sent with a delay, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate the market judgment may be, always carry out take profit and stop loss measures to secure gains. #BNB创新高 #ETH重返3800 #以太坊交易量反超比特币 #BTC #BTC走势分析