[Another 1.1 billion CNY was wiped out overnight, and 46,411 people went bankrupt! The trend of retracement in the past two days is obvious! How to deal with it? 】
2024.7.19 morning 9:08 BTC market analysis
Since the evening of the 17th, when it was suggested that BTC had a trend of retracement, BTC has tested 64400/63800 in turn, and is now heading towards 62700. Below 62700 is the 61600-61800/60000 line. You cannot be an enemy of the trend. If it is not a key point, you must not make a move. Don’t make frequent moves because you are afraid of missing out. This is a typical FOMO mentality, and also a standard mentality of losing money!
BTC attention
Support 61600-61800/60000
Pressure is tentatively set at 64600-64800
At this moment, the key points are 65800 on the upper side and 62700 on the lower side. It is currently hovering around 63500. Pay attention to the upper and lower track opportunities. Under the trend of stepping back, do not do more patterns for the time being, and you can do rebound shorts!
The positions in the first half of the month must be stopped for profit. This week, it is basically reminded every day. If the spot that has been operated in recent days is trapped, wait for BTC to stabilize, and then add positions, and wait patiently for the next wave of opportunities!
