Bitcoin Technical Analysis Thursday 7.11

From a technical perspective, the daily chart closed with a small negative line and a significant upper shadow line, showing that the upper resistance is still strong. Yesterday, the price once reached a high of 59,400 and was suppressed, and then quickly retreated by nearly 2,000 points. This reflected the subtle impact of the news on the market.

Judging from the four-hour chart, the price continued to drop to near the mid-track and found support, and then showed signs of rebounding and turning positive, which shows that the control of the main funds in the market is still strong. At the same time, the KDJ indicator fast line turned upward, indicating that the market outlook may enter a stage of upward correction. It is worth noting that our analysis has pointed out many times before that the market may usher in a certain recovery this week, but the overall room for improvement is limited.

Operation suggestions

Go long 56500-57000, target 59000

Defense 55500 Break position 60000#CPI数据 #美联储何时降息？ #币安7周年 #BTC☀ #比特币采用