BTC:
The daily line has been negative for 4 consecutive days, with a drop of 4,000 points. Last night, it was clearly stated that the 66,500 position was short, and the target was 63,000. This goal was achieved in five hours!
Judging from the strength of this wave of market smashing in the morning, this decline has not reached the low point.
During the previous wave of rise, there were adjustments on July 17 and 18, and the bottom of the adjustment was around 63,000.
In terms of the day, you can refer to the support below the 4-hour line at 63,000. This position may stop the shock so that the market can make adjustments. The upper pressure refers to the 65,000-65,500 range. The operation is mainly bearish!
For more market information and strategies, follow my personal homepage to find me, and share spot and contract trading strategies for free.