$BTC Laoliu market analysis/operation suggestions on July 7
Yesterday, Bitcoin stabilized near 30,300 and then fluctuated upwards. It surged higher and fell back in the afternoon, hitting a low near 29,680 before rebounding. This morning it dropped again to around 29,800, and now the price is running around 30,200. The short-term trend is uncertain, and we need to wait for the end of the weekly K-line to confirm the direction. The support level is 29600 and the pressure level is 30800. It is recommended to enter long orders at 29800-30000, target 30500-30800, and stop loss 29500; enter short orders at 31000-31300, target 30000-29800, and stop loss 31300.
Pay attention to the impact of the non-agricultural data in the evening. At present, the market is volatile. Make cautious decisions and pay attention to risks!