#上市公司加密储备战略

7.29 Market Overview: BTC Engulfing Bearish, Is There a Daytime Downtrend

The big coin closed the morning with a large bearish candle with upper and lower shadows, forming an engulfing bearish pattern compared to yesterday. The main trend for the day is a downward fluctuation.

BTC formed an M double top structure at 11.97 and began to pull back, finding support at 11.74 and starting to rebound; at the same time, BTC is moving in a bullish descending wedge channel, first breaking the descending trend line before facing the challenge of the 11.83 resistance level switching positions; the support range of 11.72-11.76 remains effective.

Waiting for a right-side breakout at 11.83 for a stable entry into long positions, with the MACD golden cross forming, defending at 11.74, targeting around 11.91 and 11.97; conversely, if there is a false breakout upwards followed by a drop, we will enter short positions, defending at 11.9, targeting 11.76 and 11.72; left-side low long positions can be ambushed in the range of 11.76-11.72, targeting 11.83 and 11.9 with a pattern of 11.97.

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