2024.7.17 Market Analysis

Everything is moving in a good direction. The day before yesterday, I said in the VIP group that if it breaks through 63800 and does not fall back, it will be considered stable. Yesterday, Bitcoin hit the pin at 62373, and Ethereum hit the pin at 3346.

The weekly pressure level is around 65600. If it breaks through strongly, the next pressure will be around 72000.

The daily level closed a hammer star in the morning and stood on the EMA120 daily moving average. The follow-up is a bullish pattern. If it can stabilize at a high level, it will continue to pull the market. It is the right time for the layout of the copycat. At least 70% of the short position should be hit. It is best to hold both the mainstream and the copycat at the same time. Those with full positions can choose to lie flat and wait for the copycat to make up for the rise. It has reached the bottom, and it is upward no matter how it goes!

The 4-hour K-line is above all moving averages. The Ant Channel was opened on July 14. It will fluctuate upward in the future. Gamblers should not short the big pie. A large number of favorable factors are waiting to be realized in the second half of the year. The speculation in the currency circle is based on expectations. It is normal to pull up in advance.

For operations, those who have positions should continue to hold them. Those who are short should at least hit 70%, and the other 30% should break through 72,000 to hit the full level. Don't be affected by the news! #BTC