July 9, 2024 Bitcoin Analysis
Daily level
Bitcoin has not shown any obvious signs of stopping the decline on the daily level. If the price can break through $58,000 and stabilize, there will be a possibility of stopping the decline and reversing.
Four-hour level
In the short term, the current price is running in the Bollinger Bands falling channel, and the overall trend is fluctuating in the range of 58,200-55,200 US dollars. If the subsequent price can break through the 56,800 US dollars line, the resistance level near 58,300 US dollars can be paid attention to.
One hour level
At the one-hour level, the Bollinger Bands are closing. The support below is recommended to focus on the $56,300 level, and the high pressure is around $57,700.
The subsequent trend of Bitcoin is still inclined to short after rebound. The following are specific trading suggestions:
Prepaid order
Short entry point: $57,600-58,200
Stop loss price: 600 points
Target price: 600-1000 points
Set stop loss reasonably: Set a stop loss of 600 points to control risk.
The target price is clear: According to market fluctuations, set a reasonable target price (600-1000 points).
Pay close attention to the market: Keep an eye on market trends and adjust strategies in a timely manner.
