Master looks at the trend:
BTC 1 hour:
After rising, Bitcoin entered a box-shaped sideways consolidation range, forming a triangular convergence pattern.
Since the previous positive news has been reflected in the price, we are currently waiting for new capital inflows or new upward catalysts.
Since there is still resistance above, in order to digest the selling pressure above, the coin price may fluctuate up and down to accumulate chips, so please consider risk management first before trading.
Resistance level reference:
First resistance level: 64800
Second resistance level: 65800
Before the price breaks through the first resistance level, this will be a range where no new highs can be made. There may also be a temporary pullback at the first and second resistance levels.
If the price of the coin experiences a pullback when retesting the first and second resistance levels, it can be considered as an entry opportunity.
At the same time, if the price can sustain above the 120-day moving average, then the view of a rebound can continue.
Support level reference:
First support level: 63500
Second support level: 62800
Since the coin price has rebounded at the first support level, as long as it remains at the first support level after the pullback, it can be regarded as a pullback range, and rebound trading opportunities can be sought.
At the current time, instead of waiting for the price to return to the first support level again, it is better to observe whether 64K can hold and use the pullback buying and long position as the trading strategy.
Today's trading suggestions:
Maintain the view of going long on short-term pullbacks and enter the market at low levels.
Since the current volatility is relatively small, it is necessary to enter the market within the volatility range and look for ample opportunities for pullbacks.
Today's trading focuses on the first support level and the 120-day moving average, and ultra-short-term operations are carried out on the small-level trend chart.
7.19 Master's short-term pre-buried order:
Long entry reference: 62400-62800 range, long in batches, defense 500 points, target 63500-64800
Reference for short entry: short in batches between 64800 and 65200, defense 500 points, target 63500-62800#以太坊ETF批准预期 #BTC☀️ #BTC走勢分析 #比特币走势分析
