[BTC hit a high of 59,500 yesterday, only 200 dollars away from our first target of 60,000±200!!!]
2024.7.11 8:59 am BTC morning analysis
After nearly three or four days of brewing, BTC took the lead in sprinting towards the 60,000 mark. On Monday and Tuesday, our first pressure level was at 58,300. On Tuesday night and Wednesday, according to the short-term strength, we began to adjust the first pressure level to 60,000±200 dollars. Yesterday, the first charge to the 60,000 mark this week was temporarily suppressed; now it has stepped back 2,000 dollars and came to the 57,500 line for consolidation; 57,300-57,500 was a support level before! The consolidation here is also a normal phenomenon;
At this moment, the BTC trend at the 15min/1h level needs to be slightly adjusted. The 2h enters the bullish trend and the first wave of retracement confirms the bullish trend. The 4h level is currently at the critical point of long and short positions. At this moment, the bulls are slightly stronger; in line with the judgment on Monday night, the short-term 1h will charge first, and then the 2h/4h will suppress the retracement;
If the 4h trend remains unchanged, then the 15min/1h level retracement is the signal confirmation of the 2h level, which can be used to gamble on the market for more than 48 hours!
With the support of CPI tonight, the volatility today will not be small. The key point of the retracement is to quickly enter and exit the principal and keep the profit to protect the principal loss!
BTC attention
Short-term support, the first focus point is 57200/56000/55000
Pressure 60000±200/61000±200 remains unchanged
Operation suggestions: This week, the idea of retracing lows and longs remains unchanged, only one direction is made, and there is no ability to grasp the long and short double gains; the copycat tracks the oversold new coins within 2 months, such as the decline from the high point is more than 80%!