Thursday, July 25, Bitcoin afternoon market insights
Are you afraid of failure? Then you will never taste success! What is failure? It is just a stepping stone on the road to success. Every fall is to stand up more powerfully. Don't let fear constrain your steps, don't let hesitation wear out your fighting spirit. Bravely go, fight, conquer, the world is your battlefield!
Just in the morning, Bitcoin fell again, directly giving a drop of 1,700 points. In the morning, it was clearly pointed out that the 65,500-66,000 area of the big cake can be shorted. After rebounding to the 65,500 line, the market fell straight down. After reaching the lowest level of 63,800, it rebounded and repaired. It is currently running at the 64,300 line. In the morning, it was also bearish and shorted, and the intraday closing was more than 800 points.
As early as Wednesday's summary, it was clearly pointed out that the idea of turning around and shorting has now gone out of a decline of nearly 4,200 points. Every turning point can be predicted in advance, and prompts are given! If you still can't do it well, then it's your problem.
The daily structure has clearly shown a weak downward trend, and the continuity of the short position is still strong. The K-line has gone through 4 consecutive negative lines, and there is no obvious support below. There is no excessive rebound in the trend. The price of the currency continues to decline, and the trend is weakening, so we still continue to look at the continuation of the short position. The trend on the 4-hour chart is mainly oscillating downward in the short term, and the rebound is all held by the short position. The trend of the consecutive negative retracements indicates that the market sentiment is bearish, and the moving average indicators are all extending downward. If the market does not give a chance to rebound, we still continue to look at the continuation of the short position.
On Thursday afternoon, it is recommended to short around 64500-64800, and the target is 63000-62000.
On Thursday afternoon, it is recommended to short Ethereum at 3200-3220, and the target is 3100-3050.
There are always people complaining that the market is not good. Indeed, when you are afraid, failure is doomed. The state has been at its peak recently. If you don’t do well, you will recover in an instant. #美国大选如何影响加密产业？ #山寨季何时到来？ #币安7周年 #美国PCE数据将公布 #MtGox钱包动态 $BTC $ETH $BNB
