From the perspective of time cycle, we often say that the longer the horizontal, the higher the vertical. The horizontal cycle and the rising cycle are equal. The longer the horizontal cycle, the longer the rising cycle. After more than two weeks of shocks and consolidation, the market price will enter a relatively strong cycle. From this perspective, the future market is promising! This is an opportunity and a signal that the current market is about to be ignited. July is already halfway through. Do you have any regrets about this?

Thinking back to the current currency price returning to above 60,000 again, it is relatively stable for now. The slight retracement given over the weekend can be regarded as this retracement just retracement to the previous high position, effectively completing the top-to-bottom conversion, and completing the correction of the previous rise in the morning. With the subsequent pull-up of the market price, it means that this retracement is just a correction action.

Pay attention to a pattern here, distinguish the difference between correction and reversal. If the strong market goes back to the correction, the price will rebound after falling, and will continue to rise; but if it is a reversal, it is not the case. The reversal is to fall and no longer rebound, and go down without looking back. After retreating last Thursday, it quickly pulled up and came to 59700, approaching the key high point of this round of pull-up, so the strong pattern has not changed. In terms of points, the position of 58,000 US dollars is the consolidation suppression point of the large cycle. After being broken through by the rise, 58,000 can be regarded as the top-low conversion zone of the large cycle. Here, the suppression turns into support. The future market relies on the support of 58,000. Continue to pay attention to the continuation of the rise. Since the top and bottom conversion, the primary support point is the high point of last week, 60,000 US dollars. If this position supports this wave of callback, the upper side can continue to pay attention to the position of 65,000 and 66,000 US dollars!

Band operation suggestions

Deploy multiple positions in batches around 60,000

Target 66,000-67,000

Defense 58,000 Breakthrough to 70,000

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