On July 5, after a full decline, the Bitcoin daily line closed with a hammer line to stop the decline. On July 8, it pulled back for the second time, but did not break a new low, indicating that the support position below was very strong, and the price fell to the cost price of Bitcoin miners. The market bottomed out and then started this round of rising trend. The current price has reached 65,000. During the rise, the K-line entity gradually increased, and the long volume gradually increased, indicating that this wave of rise is still very healthy. Now the price of Bitcoin has come to the pressure zone formed by the dense trading area of 65,000-71,000. The market has pulled back. The short volume of the pullback is shrinking, and on the 16th, a K-line with a long lower shadow was closed. It shows that this wave of rising trend has not ended. The current tug-of-war correction is for better accumulation of power. In the bullish upward trend, all pressure positions are used to be broken.
With the German government's clearing of Bitcoin, market sentiment has gradually improved, and the approval of Bitcoin spot and Ethereum spot ETFs has begun to reduce panic in the market. Please keep a clear mind at this time. The improvement of market sentiment has nothing to do with whether you can easily make profits at this time. Many people are ready to move. In the specific stage of the current trend conversion process, combine technical indicators, patterns and news to assist in judgment, and then form your own complete trading model; if you do not have these, do not enter the market easily, do not follow the crowd, the market is always right, we cannot change the market, we can only change ourselves, it is okay to go slowly, slow is fast, and only by accumulating can you make a breakthrough. #山寨季何时到来? #美国大选如何影响加密产业? #以太坊ETF批准预期 #美联储何时降息? $BTC $ETH $BNB