$BTC 7.15 Bitcoin Market Analysis
Bitcoin rose nearly 3% yesterday, reaching around 61,000. Regarding the structure of Bitcoin, we analyzed three changes yesterday, and today there are two left. The lowest point of 53,329 has been found.
Two situations:
1. Yellow route: continue to rise after retreating to 55,000-56,000.
2. White direct breakthrough route: do not retreat too deep, and continue to rise with 58,000-58,500 as support.
At present, both situations may occur. I prefer the white route because the daily level rise and the breakthrough of the downward trend line support this judgment.
It is recommended to go long in batches, with support around 58,000.
#Orderopening suggestion
Enter a 10% long order near 61000, and add a long order if it falls back to around 58500.
