BTC trend analysis on July 13, 24: $BTC
BTC's operating framework is now very clear, the lower half of 56000-54000, the upper half to 59700, now the long chips are more and more concentrated, the bottom is also increasing, if the market returns to the lower consolidation zone again, the probability of creating a low point will increase, continue to liquidate longs to test the 52500-52000 support
German selling pressure has also been digested by the market, and there may be a period of Mentougou selling pressure next. The positive CPI and interest rate cut expectations of the day before yesterday have been pushed forward to September. By then, the negative news of Mentougou will be exhausted, the US election, ETH upgrade, Ethereum ETF, FTX will release funds, and the Federal Reserve will release money. The current stage is to patiently wait for the right position to hoard coins.
Intraday operations still refer to wide fluctuations, the resistance level is 58500, and the support is 55500-56000. There are many spot orders here on the liquidation chart, and they are all liquidated regardless of the high or low multiples. Remember to stop profit and reduce positions frequently in the volatile market.
