BTC has not formed an obvious short-term buying point at this position, which may be related to the upcoming closing of the monthly line, but I think the overall risk of the market is not great. If there is a callback of more than 1000U at the 4H level, it can be actively viewed as a mid-term opportunity, and combined with different position ratios, I will give you the following reference suggestions.
Today is the last day of July. Looking back at the monthly K trend of this month, it currently presents a hammer line with a long lower shadow, which is a positive technical form, including the weekly K and daily K inside. At present, it shows a benign retracement. For the general direction of August, the technical structure is bullish!
The current price is still within the support range of 66800~65930 the day before yesterday. Yesterday, I told you that a new buying point is gradually forming. Facing the market after the decline, we must look for opportunities.
Below I will give some suggestions to traders with different positions based on my personal trading habits, for reference only.
(1) If you already have a certain position (more than 30%), just hold the currency and don't panic too much because of a partial retracement;
(2) If you have a light position (less than 10%), I suggest you take a positive view of the retracement and buy at low prices. For replenishment, refer to the mid-line support range of 64915~64438.
(3) If you are short, you can open a long position (less than 10%) at the current position and reserve a certain amount of replenishment in the mid-line support range.
