7.3 BTC market analysis: Independence Day holiday is approaching, cherish this short rebound time.

Good morning, the price continued to rise to the middle track of the daily line on Monday and Tuesday, and then fell back and closed with a long upward small Yin. According to the normal situation, after the bottom oscillation and volume breakthrough, there will be continuous buying to close the medium or large Yang. This time, it only went through a high-rise and fall market, indicating that the market demand is insufficient and there is no expected increase. Today, it continued to fall. This retracement makes the overall structure still in the rhythm of oscillation, but the oscillation range has changed.

After the long-term oscillation and breakthrough of the daily bottom, it has entered a new oscillation mode. If the daily line closes Yin after the hanging line, the overall situation will still be weak. There is still a need for a small retracement to refresh the low tomorrow, and after refreshing the low, it may be a good buying opportunity, provided that the price fluctuates above 60700.

In summary, the market has not completely gotten rid of its weakness. After a strong breakthrough, it fell back, indicating that the market demand is insufficient. It has only changed from a shock range to a larger shock range, but it has not yet broken the rhythm of shock upward. For trading, it is still recommended to buy around 61200-60800.

BTC operation suggestion: Go long when it falls back to around 61200-60800, with a target of 63000-64000 and a break of 64700. For more real-time guidance, please visit: btc3096.

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