Coin Circle Academician: Trump's approval rating on July 16 triggered a runaway Bitcoin, a Jedi counterattack after 72,000 to 53,000! Latest market interpretation

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Let's review yesterday's market. Yesterday, I went short at 60,100 and stopped at 60,800. As of 1 a.m. before the release of this article, the highest daily K-line of Bitcoin has broken 63,500 and the lowest is above 60,600. It can be said that the market sentiment on Monday was completely hooked up to Trump's approval rating, and it stretched unilaterally all the way. As mentioned earlier, the trend will turn from short to long after breaking 60,000 and standing above 60,000. The daily K-line directly broke the EMA trend indicator pressure level of 62,800 and stood at a high level. MACD The volume increased, DIF and DEA opened upward from low positions, KDJ horn expanded, the Bollinger Band downward channel was lost, the Bollinger Band upper rail pressure level was too high to 64200, and the overall trend reversed. The four-hour K-line began to alternate upward and spread to form a network with many trends. The EMA15 fast line has broken 61000 in accelerated stretching and is still stretching. MACD increased volume, DIF and DEA left the energy center and the short position was powerless in the short term. The downward closing trend of KDJ was reversed. The hourly Bollinger Bands open upwards, and the K-line continues to stretch around the upper rail and has reached the 64,000 mark. Draw a line directly from the recent highest point of 72,000 to the lowest line of 53,000 to find the 0.618 pressure level of 64,850. Find this position as the entry point and step back to two positions. One is the EMA trend indicator support point of 62,700 to 62,500. The idea is to buy more at low prices and sell more at high prices.

Short-term ideas:

Sell from 64,700 to 65,000, stop loss 400 points, target 64 000 to 63500, break to 62000 to 62500,

62500 to 62000, defense 61500 to 61000 to add more, loss 400 points, see 63500 to 64000, break to see around 65000

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