[BTC continues to test the bottom, 900 million CNY was wiped out last night, and 42094 old friends went bankrupt! ]
2024.7.31 8:48 AM BTC market analysis
The lowest BTC probed to 65302 last night, and now it has rebounded to 66200 for consolidation. In the morning, stimulated by the transfer of tens of thousands of bitcoins in Mentougou, it completed the retracement of 65881. After a night of consolidation, the current bitcoin trend has the momentum of a pullback in the ultra-short term, such as the demand for a high before the Eurasian session, such as the demand for touching around 66700 or the demand for testing a breakthrough!
Of course, the 1h/2h level is still in a bearish trend, so it is only suitable for short-term trading, and it is not the time for pattern trading yet!
BTC attention
Support 65500±200/65150
Pressure is temporarily set at 67000
After the short-selling digestion in the evening, the long-selling liquidity is forced to plunder the long-selling liquidity. The intraday ultra-short-term is temporarily reported with the idea of short-term long-selling pig feet rice. The support level is an opportunity for ultra-short-term shooting once, with a stop loss. If there is an opportunity within the day, it will be shot once. If not, continue to wait for the subsequent market fermentation!
In addition to the sharp rise in the previous period, the current wave of decline in the cottage spot has fallen a bit sharply. There are also some cottages that are eager to try the rhythm of sudden rise. For example, the sol series is relatively strong, and the platform coin series is also relatively strong. The Ethereum series can continue to pay attention. Next month 3-5 is a key time node for whether ETH can lead the cottage to strongly rebound or reverse in the middle line. You can focus on it!
