Half of July has passed, and it's just the right time to update everyone on the progress of the students. Most partners initially invested around 10,000, and currently, the average growth is 4-5 times, which is quite ideal for returns.
However, investing also carries risks, and I can't guarantee that every student will be able to double their funds, as everyone has different levels of execution. But as long as over 80% of the people can make a profit, this plan has significance for continuing to move forward.
Yesterday, Xinyi had already given a clear hint that BNB was bearish, and the decline came as expected in the early morning, everything is under control!
BNB rose to the previous high of 780.30 before pulling back, bullish momentum is weakening, and the MACD red bars are shrinking, showing a divergence at the top. It is recommended to short in the 780-784 range, with targets at 760 and 745. If it breaks down, continue to look lower, and remember to maintain good defense.
The four-hour chart of the pancake shows a reversal trend, with the price multiple times surging to the upper Bollinger Band before being pressured back down. The high position of the Bollinger Band is closing and pulling the moving averages down, indicating a strong short-term pullback. The hourly chart also shows a rise and fall, breaking through the upper band but failing to maintain momentum, leaving a long upper shadow. There is obvious resistance above and a decrease in momentum.
In the evening, it is recommended to short in the weak structure within the range of 119000-119500, aiming for a target around 117000.
From the short-term hourly perspective, the coin price has rapidly broken through the middle track and upper track with a series of bullish candles from the lower track and is currently operating above the upper track. However, combined with various indicator analyses, the bullish momentum is insufficient, and the market has not shown an overbought pattern with excessive indicators, so the strategy of looking for a pullback in the short term remains unchanged.
You can short Bitcoin directly around 119500, paying attention to the position near 118000.