Bitcoin fell sharply on the morning of July 4 and July 8, respectively.
The recent hourly K-line has fallen back after touching 55,600 several times,
indicating that there is strong pressure in this area.
MACD: MACD is in the negative range at the hourly level,
and both DIF and DEA diverge downward, indicating that the market still has downward pressure in the short term. RSI: RSI14 hovers around 36, not entering the oversold zone,
but close to the low, there may be a rebound demand.
EMA: The price is currently running below EMA7 (55571.28), EMA30 (56394.38) and EMA120 (57665.83)
also show a short arrangement, further confirming the current downward trend.
Trading volume:
The hourly trading volume gradually decreased from 10:00 to 15:00 on July 8,
and the daily trading volume peaked on July 7,
and then fell back, showing signs of weakening selling pressure.
Buy point 1: 54000 (near the previous low point, there is strong support)
Buy point: 53000 (integer support, and there is enough profit space from buy point 1)
Long stop loss point: 52500 (500 lower than buy point 2, to prevent further decline risk)
Sell point 1: 56500 (near EMA30, there is a certain pressure level)
Sell point 2: 57500 (close to EMA120, there is stronger pressure)
Short stop loss point: 58000 (500 USDT higher than sell point 2, to prevent breakthrough upward)
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