[1.8 billion CNY went to zero overnight, 62,471 people went bankrupt, and the bulls continued to be strangled! ]
2024.7.25 morning 9:10 BTC market analysis
After reaching 67087 last night, it started to retreat. No effective retracement was formed in the early morning, and the trend was destroyed. At this moment, the big cake is heading towards the 62600 line. The 64300 line forms the key point at this moment. If it falls below, there is still room for further killing, and the demand for stabilization and shock is stable!
BTC attention
Support 63500/62600
Pressure 66300
Support and resistance swap, under the stimulation of Grayscale ETH selling, Mentougou Damos Sword, and the European and American stock markets that have been rising for a year and a half, when the US interest rate cut is coming, profit chips have fled. After Tesla's performance was significantly lower than analysts' expectations, it became the fuse for market capital flight. Interest rate cuts do not mean immediate increases, so don't think that there will be a "flood" flowing into the market once the interest rate is cut. This requires a process. The main capital will enter the market and will also think about getting cheaper chips. It will never rush in directly at the market price like retail investors!
The market this week is more volatile than last week. I have been saying this for several days. Check if you are a high-risk gambler. If you cannot bear the loss, then do not make contracts this week.
A suggestion: Recently, I found that many players like to stay up late to work. This is incomprehensible, because our three major game time points in the day have been said to be 5:00-7:00 in the early morning, 12:30-13:30 for lunch, and 18:30-19:45 for dinner. This is the time when opportunities are easy to appear in the day, which happens to be the time when the main forces of Meiya, Eurasia, and Europe and America resonate. Combined with the indicator signal, decide whether to take action or not; 1:00 in the morning is a watershed. Do what we should do during the day and sleep well at night. Don't always think about pulling teeth from the mouths of the Americans. The Americans love to make trouble in the early morning!
Operational suggestions: This wave of retracement can only be said to give spot opportunities. Most of the cottages have stepped back to the positions of 9-14. You can wait for a wave of consolidation. When the stabilization signal comes out, you can start to layout the next wave in batches!
