Good afternoon, fellow coin friends. Today is the last day of July and the first day of this week. After two days of sideways trading over the weekend, the market will start to move. Last week, the overall market was in a box-shaped oscillation trend, which also gave us many opportunities to enter the market. Last week, we accumulated 1267 points for the big cake and 122 points for the second cake, which can be said to be a great harvest. Congratulations to those who have followed!
After Bitcoin hit the 29,000 line in the early morning, it rebounded again in the morning and returned to around 29,500. As of the time of writing, the price of the currency is fluctuating around 29,400. From the current trend, the bears have not formed an effective breakout and continued. From a four-hour perspective, the bulls are currently running above the upper track. The MACD bearish energy has weakened but it has not completely turned to empty. There are signs of maintaining volatility. The market outlook can continue to maintain a low-multiple mindset!
In terms of operation, the price of Bitcoin is around 29330-29150, the target is above 29800, and the defense is 29000
Second cake 1855-1845 long, target above 1905, defense 1830
