【BTC inserted a pin in the early morning and stayed above 59500, which is in line with the pattern. The consolidation at 60200 is a little short of heat! 】
2024.7.4 morning 9:22 BTC market analysis
Importantly, the contract can only focus on BTC, and the copycat should not add leverage. It is a thousand miles a day, and the decline of 20 to 30 points at any time. If you are not careful, the position will be directly blown up and returned to zero!
Last night, BTC inserted a pin at the lowest level of 59299, and then quickly closed at 59500. The standard 59500 is not bad. The main force has taken whatever it wants and the control has reached a higher new height!
At this moment, BTC's short-term trend 1h/2h/4h has entered a short trend across the board. 60600 has become the most critical point. This point is the 2h support line, which has now become a pressure point. Focus on the gains and losses of this point in the next two days!
BTC
Support 58300-59000/Collapse 58000, then the lower side can be seen to 52500/49000
Key pressure point 60600
Today and tomorrow, pay attention to the gains and losses of 60600, and the first focus on 59500, the key psychological level. If it falls below 58000, it will cause the market to explode with the most brutal expectation of halving and halving again!
Definition of breaking: breaking with large volume, the rebound is suppressed by the key point and falls again with large volume, which can be regarded as the main force giving up the position. For the surrendered market, there is no support at all!
Operation: If there are contracts that have been lost in the past two days, do not operate for the time being. At such a high volatility moment, do not fantasize about copying the bottom. It may be the bottom, but the pin is not something you can bear; so take a break and wait for the market to stabilize; if there are spot bottom warehouses that have entered the market, the replenishment is pending. Do not blindly replenish and replenish. If you are not careful, you will be overweight and full, and then your mentality will be broken by the market, and you will have to cut a big meat!
