Although Bitcoin #BTC☀ has rebounded by about $3,000 in the past two days, it is still necessary to be vigilant about the formation of double tops at the daily level.

The long-term thinking during the rebound is certainly worth paying attention to, but it should be profitable in the short term to accumulate steadily. $BTC

At the 4-hour level, as expected by Bingtang before, the deviation from the 25EMA was filled.

At the same time, $58,000 is also an important support and resistance conversion level in the near future, and the current price is also under short-term pressure from the 4-hour 25EMA.

Based on the above two points, it is recommended to short near the 4-hour 25EMA and use it as a trading strategy with a reasonable profit and loss ratio.

At the 1-hour level, the current horizontal line support is still valid.

~ July 5 ultra-short-term entry point ~

When rebounding to around $58,600, go long in the orange area as an important support and resistance level in the near future, where many traders hold short positions. Therefore, if this area is broken, Bingtang expects that shorts will be forced to close their positions, triggering further increases, so Bingtang recommends placing orders in this area.

Stop loss price: $58,300

Target price: $59,300

Go long when the 1-hour 25EMA stabilizes, long price: $57,400

Stop loss price: $56,800

Target price: $58,400~$59,300