$BTC

7.10 Daily Report

From the results, the pressure level of 58500 is indestructible, but from the process, the willingness to break through this pressure level is very strong. It has been attacked four times in a row in the past few days. At present, the volume column of this 1-hour line has not been drawn, but the column has begun to shrink. The result should be seen today. If the result is that the green volume column becomes smaller and the red volume column appears, the callback will become a high probability event. The shrinking rise means that the bullish momentum is reduced and it is necessary to absorb the offensive force at a lower level. But even so, it does not mean that this round of rebound rise is over. The bottom near 55000 still has short-term support, but my trading habit will not go there to do more, and I still look at the large-scale daily line short. For ultra-short-term friends, it is understandable to do one more hand there, and stop loss at 54700.

I still believe that this round of rebound will break 58500, and it is normal to pull back and forth in the middle process. The air force has more central boxes to use for shocks, while the bulls are relatively more passive. 58500 to 60000 is a difficult barrier. Part of the power of the bulls' attack comes from the group of people who originally shorted. So even if you have faith in Bitcoin, you must remain vigilant enough to the market at this moment. The outcome will be clear in about a week.