2024.7.30 Market Analysis

Bitcoin hits $70,000. Last night, affected by the news that the US government transferred BTC worth $2 billion, Bitcoin fell to $65,862. 70,000-72,000 is a heavy pressure zone, and it is also an important trend line for whether there is a big reversal between long and short positions. Since the price of Bitcoin touched the highest price of 73,777 on March 14, it has been adjusted for 4.5 months.

Judging from the time week, it will not take long for the bottom to be completed, at least half a month, more than a month, and then there will definitely be another big market. Last year, April was also adjusted to October, a full half year (185 days) of shock zone, and then ushered in a big market.

In terms of operation, short positions of Bitcoin will be adjusted to below 61,000 in batches, and full positions will be reduced at high positions, and wait for the correction to enter, and keep 50%-60% of the position. It is also a good choice for long-term brothers to lie flat, as the saying goes, out of sight, out of mind. Feilong's adjustment will never exceed two months, 15-45 days is a more reasonable time period! #美国政府转移BTC