[900 million CNY vanished overnight, 43,969 people broke through and returned to zero, and will continue to fall back today? Where is the key point? 】
2024.7.18 9:32 AM BTC market analysis
BTC soared to 65379 last night. Pay attention to 63500 and 66000 above. It entered the 65300-65500 range. It did not touch the upper track, and the weakness was obvious. These points were mentioned repeatedly this week; then it started to fall back overnight, with a minimum of 63823, which was in line with touching the second key point of 63800 and the first key point of 64400. It has touched twice last night, and it will not be gambled if it touches again!
At this moment, 64400 is taken back and the trend is retained. At this moment, the 1h level is at the critical point of long and short. If it continues to maintain above 64400 today, the 1h level bulls are slightly stronger. If it falls below and is continuously suppressed, it is inevitable to explore 63800 or even fall below 63800! Today, we will focus on the oversold opportunity of falling below 63800!
BTC Focus
Support 63500-63700/62300
Pressure 66300
Consistent with last night, pay attention to the support strength of the 63500-63700 line. It can fall below and come to 63300. It meets the pin pattern or long K-line signal. If there is an opportunity during the day, this will be a good opportunity for low-long 1 time. If there is no opportunity, wait. In short, sideways trading will definitely not be traded!
