Coin Circle Academician: 7.18 Bitcoin latest market analysis, one wave after another, thrilling, who can catch the next wave of opportunities?
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First, let's review the idea given in yesterday's article. The 66000 short position has not yet reached the designated position, which shows that the sharp rise and fall market has ended in the short term. The high-level consolidation and retracement market has come. The short-term target below is the support near 64000. As of 0:00 before the press release, the highest daily K-line of Bitcoin was near 66150 and the lowest was above 64500. The EMA trend indicator shrank, but the EMA15 fast line speed did not provide support for the K-line too fast. It is still near the 61000 mark. MACD continues to increase in volume and increase in funds. DIF and DEA begin to approach the 0 axis. The probability of market divergence increases. The upward K-line of major indicators slowly retraces. The upward diffusion of KDJ is blocked. After the Bollinger Bands open, the long and short indicators diverge. The K-line breaks the upper track and then falls back into the channel. Don't blindly follow the trend. The market will not always go unilaterally. The four-hour K-line broke 0.618 and then returned to the pressure level below 65000. The EMA15 fast line supports 64000 again, but the overall trend of EMA shrinks, MACD top divergence begins to shrink downward, KDJ spreads downward, Bollinger band upward diffusion is blocked and also begins to shrink, the middle track support focuses on 63500, it can be judged that the current cycle is a bullish trend, the idea is to keep low longs and supplement high shorts
Short-term idea: 66000 shorts are held
Shorts above 65500 to 66000, stop 500 points, target 64000 to 6450 0, if it breaks, look at 62000 to 63000 to take profits,
Try long positions at 62500 to 62000 below, and prevent long positions at 61500 to 61000, stop at 400 points, target at 63500 to 64000, and look at 65000 if it breaks
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