$BTC
7.15 Daily Report
Yesterday, the big cake stood strongly above 60,000, breaking through the suppression of the daily middle track level. This proves that the pressure level seen yesterday no longer exists. Frankly speaking, since the 4-hour level did not draw a shrinking rise but continued to increase in volume, it is unreasonable to be bearish at this position. The next point is around 63,800 (upper track of the daily line).
In the big cycle, it is still necessary to be short, but the height of this round of rebound cannot be judged before the signs of its decline appear. It can be seen that the bulls are active and will not stop at 61,500. There is a high probability that it will continue to break through. For those who hold short positions, if there is a chance to close the position before the price reaches 63,800, you can close it and look for an opportunity to reopen (the 4-hour level will always be adjusted), or you can wait until the daily level is successfully covered. If the market allows, it is more recommended to operate the former. Controlling risks is always the first priority. The historical fact is. Whether it is a long strategy or a short strategy, both are profitable in the long run. The difference lies in how to control the balance between returns and risks.
7.15 Daily Report
Yesterday, the big cake stood strongly above 60,000, breaking through the suppression of the daily middle track level. This proves that the pressure level seen yesterday no longer exists. Frankly speaking, since the 4-hour level did not draw a shrinking rise but continued to increase in volume, it is unreasonable to be bearish at this position. The next point is around 63,800 (upper track of the daily line).
In the big cycle, it is still necessary to be short, but the height of this round of rebound cannot be judged before the signs of its decline appear. It can be seen that the bulls are active and will not stop at 61,500. There is a high probability that it will continue to break through. For those who hold short positions, if there is a chance to close the position before the price reaches 63,800, you can close it and look for an opportunity to reopen (the 4-hour level will always be adjusted), or you can wait until the daily level is successfully covered. If the market allows, it is more recommended to operate the former. Controlling risks is always the first priority. The historical fact is. Whether it is a long strategy or a short strategy, both are profitable in the long run. The difference lies in how to control the balance between returns and risks.