The July line closed! It's officially August!
To summarize the performance of the July line:
1. The high and low points continue to remain slightly lower;
This shows that in the current high-level oscillation range, the price is moving towards a potential bull flag, and the high and low points are slowly declining for a long time.
2. A cross star is formed;
This shows that the market's long and short divergence completely broke out in July, and both sides broke out in a fierce game, but in the end the bulls won a small victory;
3. Spot trading volume recovered;
Compared with the past three months, the spot trading volume in July began to pick up, corresponding to the cross star K-line pattern, which means that the market has a large number of turnovers in July, which often indicates that a new trend is about to appear!
Summary: Since the BTC price first broke through 70,000, the monthly line has always maintained a high-level fluctuation, and there has been no significant correction in terms of closing price, which shows that the market demand has maintained the price in the past few months;
When a high-level cross star appears, the trading volume increases and the turnover is sufficient, the subsequent price trend will often end the original oscillating structure, and it is very easy to have a strong trend;
Trading ideas: After the 10,000-dollar range of 62,300 to 73,800 is confirmed to be broken, whether it is upward or downward, it is likely to usher in a strong trend for at least 2 months;
My countermeasures, increase the available funds for the trend strategy!
