[BTC soared 2000 dollars overnight, most of the altcoins all exploded 30%+! ]
2024.7.16 morning 8:41 BTC market analysis
After half a month of brewing, the market exploded collectively with yesterday and today, accelerating the sprint without looking back. Those who have positions are laughing, and those who don’t have positions are suffering. Short positions are directly exploded at this moment! 1.6 billion CNY exploded overnight, 54,747 people’s assets returned to zero, and the main short position exploded!
In fact, since the beginning of this month, we have been planning to buy low and BTC that has fallen back to low and long. We only let the old irons do one direction of low and long, and don’t allow shorting. Although we can’t get all the gains, we must keep the bottom position after each step of profit. At this moment, the idea of steady and steady progress and accumulating little by little is implemented beyond words. Keep the rhythm! Do it if you have the opportunity, and wait if you don’t!
BTC attention
Support 62800/61800
Pressure 66000
At this moment, the key points are 65300 on the upper side and 63300 on the lower side. This is the upper and lower rails of the new small range after breaking through 63300. If this small range is maintained during the day to consolidate and accumulate strength, there is a high probability that it will charge 66000 today and take it sooner or later!
Operational ideas: For those who missed this wave, what you can do now is to short-term within the day or wait for the next wave of mid-term opportunities. The principal is quickly withdrawn to keep the profit game. When it rushes up, the volatility increases. Don't mess with the FOMO pattern. Wait for the next wave of opportunities in the mid-term cycle. At this moment, it is only suitable for fast in and fast out!
