BTC trend analysis on July 19, 24: $BTC
Big Bitcoin has started to fall in the past two days. Unlike before, this time the copycat did not follow suit and fall, which also means that the overall market and chips are absorbing chips, which is good news for the cryptocurrency circle.
Now the big Bitcoin market depends on the inflow of ETFs. In the past, the US stock market affected the cryptocurrency circle based on expectations. Now the big Bitcoin ETF can directly manipulate the market. If there is continuous inflow, you should also pay attention to the risk of continuous transfer for several days!
Back to the technology, this wave of 4-hour level first wave rushing up and breaking through the neckline of the previous decline can basically be regarded as the start of the upward trend. The short-term correction does not mean a trend reversal. In the four-hour period, it seems that it has not fallen to the first support we mentioned yesterday. If you want to start the second wave of correction, this small drop is far from enough. You have to go sideways for a while and then go down to explore the support level.
For short-term operation opportunities, you can pay attention to the two positions of 62900 and 62200. These two positions are parallel bottoms and may be falsely broken to hunt for liquidity, but you must pay attention to short-term holdings and never pattern! The big support continues to pay attention to the 60000 mark. Remember to keep the opportunity to cover the position at the 60000 integer mark. $BTC
