Analysis of the market in the morning of July 31

After hitting $70,000, Bitcoin plummeted $5,000 and then experienced a narrow-range oscilliation near $66,000. Will BTC surge to $80,000 after the liquidation of longs or will it continue to osicilliate in a wide range near $58,000⁉

The day before yesterday, Bitcoin hit the $70,000 mark and experienced a deep correction of 5,000 points immediately, casuing the longs were liquidated. Actually, I have successfully predicted this correction and it was published in my article in advance, so I called for going short near $70,000, but my prediction for this wave of decline was not a downward trend at that time. Our current prediction for this decline is the last liquidation for the longs before breaking through $70,000. In other words, I think that there will be a upward trend after this correction. If you are interested in it, you can take a look the support band for BTC between 65200 and 64400 and the support band for Ethereum between 3240 and 3180.

If BTC fails to broken through 64400 and ETH doesn’t break through 3180, you can choose to enter the market with long position.

Follow the market trend, and continue to bet on the rising to break through $70,000‼ #Bitcoin_Coneference_2024 #BinanceTurns7