July 29th short cut: Bitcoin should beware of a high fall, and wait patiently for the opportunity to buy the top after rebounding
BTC/Daily Chart
At the daily level of Bitcoin, yesterday, a cross K-line was closed, and after the big sun, the price was above the short-term 5-day moving average. So today's morning closing, wait for the rebound to arrive and arrange short orders. Since it is always easy to fall after slowly rising and breaking the previous day's high, it is conservatively recommended to be bearish near the red horizontal resistance of 70,000 in the upper figure, and the important attention below is 67,000 support. If it fails, it is expected to touch around 63,000.
BTC/4h chart
Bitcoin 4h level, the prediction in the past few days is to slowly rise close to the resistance line, hit the upper rail resistance and then fall back. Originally, it would continue to go short today, but it repeated the slow rise last night, first luring more to rise, then accelerating to fall, and repeating the roller coaster back and forth. Today's operation will continue to follow yesterday's thinking. If it can continue to rise, pay attention to the 70,000 mark above, and do not make more arrangements for the time being.
BTC/1h chart
Bitcoin 1h level, currently in a small shock consolidation, this general trend is familiar with yesterday, today's opening continued to rise, but bullish but not long, the attached indicator first tested the bullish point, as a backup, followed by the upper 70000 mark red horizontal line resistance point, which is also the extreme callback point, this week continues to continue the bearish thinking unchanged, operation recommended light position batch entry
Strategy 1: It is recommended to light position/short at 68800~69300, cover short at 69800, stop loss at 70500, target around 67000~66000
The above is a personal suggestion, for reference only, investment is risky, trading should be cautious