7.15 Monday, Bitcoin afternoon market insights
The joy in life does not lie in earth-shaking events, but in those ordinary and precious moments. Feel it with your heart, every moment is full of surprises and beauty.
The Bitcoin market is simply crazy. The overall increase of 3,000 points during the day was given again. In the morning, it decisively gave the 60,800-60,500 area of the big cake to go long, and it has been rising all the way. The current high has touched the 63,000 line. The bullish thinking in the morning directly ate 2,400 points. The big cake in the middle of the day also won 1,500 points. For this unilateral rhythm, the opportunity is to pick it up. I believe that I don’t need to give too many reminders. Those who understand will understand!
The strong upward rhythm does not give any opportunity to the bears. The daily line is stretched again, breaking through the moving average pressure to form a trend reversal. MACD turns upward below the zero axis. The short-term bulls are expected to continue to rise. What needs to be paid attention to in the 4-hour period is whether the market can effectively stand above 63,000. After a round of rebound in the previous period, it fell back after reaching this area. The current trend is bullish, but it is still necessary to pay attention to the breakthrough of this area. The short-term may be accompanied by a retracement correction. Once the trend structure changes, it will not stop easily. Combined with the current positive news, the main direction is still bullish. In short-term operations, it is treated with the idea of retreating and going long.
On Monday afternoon, it is recommended to go long on 62,500-62,300 for big cake, and the target is 63,500-64,000.
On Monday afternoon, it is recommended to go long on 3,320-3,300 for Ethereum, and the target is 3,450-3,500.
Whether you are a novice entering the trading market or an experienced trader, you must always maintain a passion for learning and a humble attitude. Only by constantly improving your professional quality and enriching your trading experience can you remain invincible in the fierce market competition.
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