Insights on Bitcoin's afternoon market on Wednesday, July 10

Every setback is a test of growth; every failure is a foreshadowing of success. When we struggle in difficult situations, don't give up hope, because as long as we persist, we will definitely see the dawn.

At the turning point, Bitcoin rose strongly in the afternoon, and after reaching the 59,500 area at a high level, it stagnated and is currently running near the 59,300 line. The market has been under pressure in the 58,300 area in the recent rhythm, and the rise in the afternoon also broke through the suppression. Relatively speaking, the increase is always difficult, and the decline is just a matter of a moment. The short-term rhythm is strong, and the operation can follow the trend.

In the short-term trend of the daily line, there are three consecutive positives rising up, and the double needle bottoming out and rebounding quickly, and the decline is limited. In the market running in the range, a typical feature is that it will fall back when it encounters suppression and rebound when it encounters support. When the price breaks through the suppression after many attempts, at the same time, we often say that the repeated testing of a suppression point by the disk price does not mean that the suppression effect of the suppression point is effective, but is gradually weakening. Therefore, for the short-term trend of the currency price, we can no longer stick to the range, but pay attention to the situation of breaking up and going higher.

On Wednesday afternoon, it is recommended to go long near 58500-58300 for Bitcoin, and the target is 60000-61000.

On Wednesday afternoon, it is recommended to go long near 3060-3030 for Ethereum, and the target is 3180-3220.

In the world of trading, we are all lonely travelers. The fluctuations of the market are like the ups and downs of life, full of challenges and opportunities. Every decision is a test for yourself; every transaction is a reward for hard work; every failure is the tuition for growth. #Mt.Gox将启动偿还计划 #币安合约锦标赛 #美国6月非农数据高于预期 #德国政府转移比特币 #美联储何时降息？ $BTC $BNB $ETH