7.30 Tuesday, Bitcoin morning market insights

Yesterday, Bitcoin's trend rose first and then fell. After hitting the 70,000 mark, the price fell back under pressure. It bottomed out and rebounded after reaching 66,400 in the evening. It is currently hovering in the 67,500 area. Yesterday morning and afternoon, it was bullish. After gaining nearly 2,000 points, the market reversed. The intraday long orders stopped losses in time and turned around to eat another 1,500-point drop. Each round of thinking layout is a prompt! If you don't see it well, come here! 90% of your troubles can be solved here.

First of all, the daily structure has changed from positive to negative. Since the market went up in the early stage, the price of the currency has continued to consolidate at a high level. There is not much continuation of long and short positions. After a short-term high, it gave a stepping back trend. This round of decline did not continue too much. After the stepping back, it gave a rebound correction action again. The K-line closed negative. After the high, it fell back quickly, making the K-line close with a long upper shadow negative line. The short-term trend turned from strong to weak. Then the daily trend can first pay attention to the continuation of the short position. The short-term trend of 4 hours is running with a continuous negative fall. The decline has completely absorbed the previous gains. The decline is relatively large, and there are not many rebound actions at present. The structure is weak, so the operation continues to maintain a high-altitude thinking.

On Tuesday morning, it is recommended to short the big cake near 6750-67800, and the target is 66000-65000.

On Tuesday morning, it is recommended to short Ethereum near 3360-3380, and the target is 3250-3200.

Investment is a journey of self-transcendence, an exploration of the unknown, and a control of risks. In this process, we will be confused and make mistakes, but it is these experiences that make us stronger and wiser

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