7.11 Can BTC return to the bull market? It still needs to break through the key resistance of 60,000. Has the bull army begun to accumulate momentum for an impact?
Bitcoin has been firmly bottom-fishing in the past three days. As I predicted, it has soared after breaking through the pressure of 58,500. The current trend is still under pressure on the 4-hour upper track. The price fell under pressure after reaching 59,500. Now the pressure level is 60,000. This line of resistance is very critical. If it breaks through, it can continue to rise. The trend is still biased towards bulls. The callback is an opportunity to cover the position and take more. It is still necessary to maintain the low-long thinking. It is only a matter of time to break through. Firmly hold the medium- and long-term long orders.
Ethereum has been bottom-fishing and long all the way from over 2,800. It rebounded to 3,150 last night and then started to fall. The short-term upward pressure is still very strong. In the 1-hour period, there is a need for a pullback to the lower track support. The 4-hour Bollinger Bands are slowly opening and the price has been testing high levels. From a technical perspective, the MACD golden cross is slowly shrinking, and the KDJ is slowly turning downward. There is still a need for a pullback to bottom support during the day. Overall, the three bottoms of the daily KDJ are converging upward, and the general trend is optimistic about a rebound. For friends who want to layout, I suggest entering the market directly after a small pullback. Real-time guidance: btc0796
BTC operation suggestions:
Go long when the price falls back to 56500-57000, target 58500-60000, stop loss 55900 when it breaks 62000
ETH operation suggestions:
Go long when the price falls back to 3020-3050, target 3150-3250, stop loss 2970 when it breaks 3350
If you don’t understand the technology, don’t know how to read the market, don’t know when to enter the market, don’t know how to stop loss, don’t know when to take profit, randomly add positions, buy at the bottom and get trapped, can’t keep profits, and can’t catch the market. These are common problems among retail investors. It doesn’t matter. Come to me and I will guide you to think correctly about trading.
