July 22 Bitcoin market analysis:
Today is Monday, and Bitcoin's weekly line has formed a big positive line. The current high point of Bitcoin is around 685. Going up to around $70,000 will be the explosion area of a large number of short positions, and it is expected that $1.4 billion of short positions will be cleared in this area.
Last night, Bitcoin made a short-term shock action, which led to the liquidation of many investors who adopted a 100x leverage long strategy. From the daily cycle, Bitcoin has two false breakthroughs in the bull market signal.
If you have missed the long trading opportunity, you can consider setting a right short order at some previous high positions. It should be noted that the emphasis here is on the right entry rather than the direct order.
Assuming that Bitcoin touches the previous high and enters a large number of short areas and then retreats, the $630 large cycle exchange +: wzg121380 support will be a lower support area that needs attention. In this position range, you can look for bullish trading opportunities.
