Monday, July 1, 2024
[Market Analysis: BTC]
1. Daily: Breaking through the 7-day moving average will usher in a rebound in the short term. The probability of breaking through the 60-day moving average of 65,800 in the short term is small.
2. 4 hours: In the three rising waves, the moving average forms the first golden cross, MA30 turns upward, MA60 is still downward, MACD is close to the zero axis, KDJ is overbought, and the probability of a retracement is high. Try to break through the downward trend line and the 38.2% position with large volume. There is no reversal signal at present, so don't chase the rise. The probability of directly breaking through the pressure range of 64,000~64,300 is small. A bearish pattern appears in this range, and you can go short.
[Prediction]
Short-term: The probability of a callback is high
Medium-term: There is no reversal signal yet
Long-term: The bull market trend remains unchanged
[Short-term operation suggestions]
Pressure range: 64000~64300, you can sell/short
Support range: 62000~61300, you can buy/long
