7.12 Friday, Bitcoin midday market insights

 On the road of trading, failure is a common passerby, and success is the final destination. As long as you don't give up, every fall is for a more gorgeous rise.

The market has been running in a wide range of tug-of-war for many days. After a round of highs in the 59600 area yesterday, it was under pressure and stepped back again. After a round of bottoming in the 56500 area, it rebounded again and is currently in the 57200 area. The market trend is too circuitous. It has been hovering at a low level recently. It is very likely to bottom out at the bottom. Be careful of the market reversal.

In the daily trend, the market forms a wide range of tug-of-war at a low level. There is not much continuation in the long and short positions. The basic pin peaks or bottoms out and quickly gives a reversal. The short-term K-line has three consecutive negative retracements and closes with a long upper shadow line. In the short term, it is still necessary to pay attention to the strength of the market's retracement. The 4-hour trend is under pressure, and the moving average indicator follows the currency price to turn downward. The short-term short position has an extension action. The operation line looks at the decline, and the downward stop is followed by a long order arrangement.

On Friday afternoon, it is recommended to go short near 57200 for Bitcoin, and the target is around 56000-55500.

On Friday afternoon, it is recommended to go short near 3010 for Ethereum, and the target is around 3020-2950.

Same market, same time, different results, which one are you? If the direction is right, don't be afraid of the long road, use time to witness strength, use strength to win the future, let trust become Lirun, use Lirun to resolve doubts#美联储何时降息？ #德国政府转移比特币 #币安合约锦标赛 #Mt.Gox将启动偿还计划 #美国6月非农数据高于预期 $BTC $ETH $BNB