7-1 Bitcoin Analysis:

Today is the first day of the Bitcoin close of the monthly line. On Monday, it broke through the previous high of 625. From the monthly level, we can see that Bitcoin has been fluctuating from the high of 730-600 for four months. In these four months, the bulls have been shouting for a long time but it has not reached 100,000, and the bears have been shouting for a long time but it has not fallen below 60,000. So we think that Bitcoin should just consolidate in this range and look for trading opportunities from the short-term.

From the perspective of Bitcoin futures, there was a gap below 620-605 on Monday, but I personally would not be inclined to short to fill this gap, because Bitcoin has a double breakthrough trend of breaking through the trend line + previous high, but there is a chance to fill the gap later. Then I will definitely get on the train without hesitation. This is my personal bullish bias. From the 2-hour K-line, it is also very clear that the big cake has made an M-top false break. Generally, in this case, some people will chase the short position. As a result, the dog dealer directly pulled back and raised the price to trap a group of air forces. In the short term, the popularity of the short position above the big cake is 645. This position needs more attention. From the larger timetable of Figure 4, the Fibonacci 0.618 position is around 668. This position is also a bottom support-turned-pressure position in the previous large-range consolidation cycle. Once the big cake reaches this position, it may retrace at that time. This is also the time to further wait and see #BTC #BTC☀