BTC may fluctuate repeatedly in the short term

2024年7月25日

Yesterday I said that as long as the BTC price does not fall below 65450, the upward trend will continue, but the downward force is very strong and falls below 65450, then BTC may enter a volatile trend in the short term. Because from the daily chart, the general upward trend has not been completely reversed, but the 120-minute chart has entered a downward trend, and the price has fallen below the 50-day moving average, and the 10-day moving average and the 20-day moving average form a dead cross. The large differences in the views of the bulls and bears on the market will cause the two forces to play against each other, so there may be repeated fluctuations in the short term. At present, you can pay attention to the resistance range below 66100. If the price rebounds to this range, the probability of falling is high.

Trading suggestion: If the price rebounds to the 65450-66100 range and encounters obvious upward resistance, you can sell, with a target of 64000-64500

2024年7月25日

註釋

BTC has started to rebound, I am waiting for the price to rise to the resistance range I predicted

2024年7月26日

註釋

Yesterday, the price rose to the resistance range below 66100, and then broke through 66100 very strongly, which was contrary to my prediction that the price encounter might resistance to the rise, so I did not notify members to sell in the 65450-66100 range. From the daily chart, yesterday's closing was a small positive line with a long upper shadow, and then a large positive line appeared today, which is a signal of resuming the upward trend. If the price cannot set a new high again, the possibility of price decline still exists, because the price trend has turned very quickly in the past two days, and it is not ruled out that the price will fall sharply again. price does not fall below the 66370-67110 resistance range, it will rebound and continue the upward trend. If the price falls below the lower limit of the resistance range, the price may turn downward again. Trading suggestion: If the price pulls back to the 66370-67110 resistance range and encounters obvious resistance, you can buy, with a target of 67800-68200