$BTC

7.13 Daily News

The whole network is saying that the German government has sold all the coins, but I haven't seen any favorable long-order buying volume, so I am still pessimistic about whether it can break through the 60,000 pressure level. From the perspective of the sunshine, the volume has been adjusted and fluctuated for several days. A small part of the green volume column has appeared, but there are signs of shrinking volume at the 4-hour level (although it has not been completed yet). It may enter the second stage of accelerated decline at any time. It is better to start early. If this round does not fall through, no real smart money will dare to enter the market. I have always said that there will be opportunities to see more, that is, after the second round of accelerated decline is completed, including the cottage, then we will see.

I want to explain a concept. For traders who do not resist orders, the advantage of contracts is greater than that of spot. Most people play spot because they don't know when to stop loss and dare not execute stop loss, so sometimes they take spot to facilitate not to blow up their positions after being trapped. But if for those who do not resist orders, they do trend trading and must execute once the stop loss point is reached, then spot has no advantage over contracts, and cottage has no advantage over leveraged big cakes. So in the end, traders mainly play with Bitcoin contracts. Because whether it is a bull market or which sector is popular is meaningless to them. In terms of position risk, without the threat of liquidation, Bitcoin contracts are better than copycats.

Today, we still maintain the short position strategy and are ready to welcome the waterfall at any time. The position near 59,500 may be touched again, but 60,000 will seem more difficult. If you have multiple orders, it is recommended to sell them near 59,500.