BTC may rebound upwards

2 июл.

Yesterday, the price rose again to around 63,700. I said that the price might fall again. Today, the lowest point of the price fell back to around 62,300, but I think the price may continue to fall back to the resistance range below 62,300. From the daily chart, the price is still below the 20-day moving average. BTC has not yet entered the bull market trend from the bearish trend. Even if BTC wants to rise, it will fluctuate and rise at this stage, rather than rising rapidly. As I judged yesterday, the area below 62,300 is a trading-intensive area, and the price is likely to rebound when it falls back to this range.

Trading suggestion: If the price falls back to the 61,500-62,300 range and encounters obvious resistance, you can buy long orders, with a target of 63,000-63,500

The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time

3 июл.

Заметка

Yesterday, the price fell to around 61700 and rebounded to 62300, encountering great resistance. It did not directly break through the important resistance level of 62300, which shows that the rebound strength is very weak. After the price falls below 61500, the short-selling force will be in an absolute upper hand. Of course, the upward momentum is also completely destroyed. From the daily chart, there is still great resistance above 58500, and the downward trend may rebound sharply at any time, and the price trend is likely to fluctuate repeatedly. Strictly speaking, there is no clear trend in the current price trend. Whether it is rising or falling, the short-term trend is mainly volatile. At present, we can pay attention to the 60600 and 61100 ranges. If the price breaks through the upper limit of the range, the rise will continue with a high probability. If the price rebounds to the resistance range and encounters resistance and falls, then the downward trend will continue.

Trading suggestions:
1. If the price rebounds to the 60600-61100 range and then falls below 60600, you can sell, with a target of 59500
2. If the price breaks through 61100 and then falls back and breaks through 61100 again, you can buy, with a target of 62000

The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time