7.4 Afternoon Market Analysis

Stay alert at the peak of a bull market, dare to position yourself at the trough of a bear market, and沉淀学习 during volatile markets — this is the survival rule for navigating cycles. Three pieces of advice for all investors: invest only with spare money, always keep dry powder, and a cold wallet is the ultimate resting place for assets. The creed of long-termists is simple: holding power is more important than precisely timing the bottom, living long is more important than short-term profits, and realizing cognition is more sustainable than gambling on luck. This morning, the Bitcoin market showed a volatile downward trend, with prices sliding from the early morning high of 109963 to the low of 108702 around noon. The altcoin market synchronized with Bitcoin's movements, with prices dropping from the high of 2603 to the low of 2543. This morning, Brother Sheng leveraged his keen insight to capture the short position's pullback, simultaneously placing short orders for both Bitcoin and altcoins, entering near 109629 and 2595 respectively, and taking profits near 108814 and 2548. The Bitcoin short position achieved an 800-point gain, while the altcoin short position secured a 47-point gain.
Due to the U.S. stock market being closed for three consecutive days, market trading has not been very active. It is expected that the overall market will maintain a range-bound fluctuation, with a small bullish candlestick on the daily chart, indicating a moderate upward trend. However, we need to be wary of weakening momentum. In the 4-hour candlestick chart, the bullish strength bars are continuously shrinking, and the KDJ indicator has formed a death cross and is spreading downwards, which means that bearish forces are gathering in the short term. Pay close attention to the key support level at 108156. If the price can receive effective support here and show signs of stabilization, then consider positioning for a long trade to seek profits from a rebound.
Operation Suggestions
Thinking of Bitcoin: Short around 109500, target: around 107800
Two pancake strategy: short around 2570, target: around 2470
​#BTC重返11万 #特朗普马斯克分歧