7.4 midday market analysis!

When you feel anxious, consider reviewing Bitcoin's ten-year trend; when you feel lost, reread the blockchain white paper; when you feel impulsive, force yourself to stay calm for 24 hours. Remember: the investment amount should allow you to sleep peacefully every night, the time spent monitoring should be kept within a reasonable range, and your true energy should be focused on enhancing your understanding—because in the crypto world, the most valuable thing is not the numbers in your account, but the rationality and original intention you maintain after going through market trials. In the market from morning to midday, Bitcoin retraced from a high of 109963 to 108749, and the market also saw a bearish move as per our strategy, and our short positions successfully profited! In the morning, the short position entered at 109760, with a take profit at 108777, netting 983 points. Going with the trend and seizing the opportunity is the core rule for our trading success.

From a technical perspective, the formation of a triple top pattern at the daily level should have continued to rise. However, despite the continuous increase in bullish volume, the key high points have not been effectively broken. Coupled with the negative news released by the market the previous night, the market responded by dropping to around 108749, where it began to oscillate. Moving forward, we need to pay attention to whether the bullish forces can effectively break through and stabilize around the 110000 mark. If they are unable to break through effectively, a deep correction may occur.

Operation Suggestions

Pancake strategy: Buy around 108500, target: around 110500. Second pancake strategy: Buy around 2520, target: around 2620.

​#BTC重返11万 #以太坊