The following analysis is made on the current trend of Bitcoin and the forecast for July:
Order suggestion: $BTC
- Given the obvious downward trend at present, investors are advised to remain cautious and control their positions.
- Consider buying a small amount of dips around $53,000-54,000 and set a stop loss.
- If it rebounds to $57,000-58,000, consider reducing positions at highs.
- For medium- and long-term investors, you can wait for the price to stabilize before considering entering the market.
- Whether going long or short, strictly implement the stop loss strategy to control risks.