7.18 Idea Analysis
Yesterday, the trend of Bitcoin showed a trend of rising and then falling. Its price rose rapidly at first, hitting the 66100 line at its high and then encountered pressure. After that, the price gradually declined, with the lowest reaching the 63800 line. Following yesterday's precisely formulated operating ideas, we first went long and then went short, and successfully gained quite substantial profits.
At present, after the market has rebounded and corrected, the downward trend is still obvious, and the high-altitude operation idea should be firmly maintained. At the daily trend level, the negative line closed for the first time after a continuous positive rise. Although the decline was relatively limited, the sluggish rise was already extremely prominent. After the price surged higher, it failed to maintain its upward trend and turned downward, which clearly showed that the power of the bulls was gradually exhausted. Now that the pullback has taken shape, we need to pay close attention to its continuation.
In terms of the 4-hour trend, after continuing to rise in the early stage, a significant trend turning signal appeared in the short term. In the short term, the price fell in the form of a continuous negative trend, and this trend has a certain possibility of continuation. At the same time, the Bollinger Bands are showing signs of closing. In the absence of effective rebound momentum, the idea of rebounding shorting should be firmly implemented.
Operation suggestions:
Big pie: choose the opportunity to go short near 64500-64900, with the target range being the 63000-62500 line;
Ether: Short selling is planned near 3420-3440, and the target range is the 3350-3300 line.
