Only with a calm mind can one achieve great success. Investing is only for making money, everything else is just empty talk. Making money is the only way. Hello everyone, I am Jinrui from the cryptocurrency circle!
The strategy analyzed by Jinrui yesterday, entering long positions near $66,600, the market reached $68,250 in the early morning, securing a profit of 1200 points.
Starting from today, the cryptocurrency circle welcomes an important week. It is crucial to not miss the entry points.
Let's start with the recent important news:
Today, Ethereum (ETH) trading officially begins.
If Trump is re-elected, Bitcoin may become the reserve currency of the United States.
- The US holding BTC is expected to reduce selling pressure.
- Bitcoin conference from the 25th to the 27th
- Trump will take the stage
- Pay attention to his positive remarks on cryptocurrency policies.
- PCE Index
- If the expectation of further interest rate cuts increases, it will be a positive factor.
- If Trump wins the presidential election
- Due to the legalization of cryptocurrency trading, he may approve Solana spot ETF, etc.
If these news events materialize, they will be the reasons for a significant increase. So where should we enter? Next, Jinrui will interpret it from a technical perspective.
【BTC Daily Chart】
From the daily chart, considering the risk-reward ratio, Jinrui suggests waiting for a pullback.
On the other hand, as the price has broken through the recent resistance level of $67,000, it is expected that this level will become support.
If the price temporarily falls, $66,000 and $65,000 are recent buying points.
【BTC 4-hour Chart】
The green high point rising trend line and the 25EMA on the 4-hour chart act as support, and currently around $68,500 has become a resistance level.
Therefore, if Bitcoin breaks through this range and further surpasses $68,900, there is a high possibility that the price will reach $70,000.
Taking long positions near the 25-hour EMA support level on the 4-hour chart is a tradable entry point in the near term.
【BTC 1-hour Chart】
Although one should be cautious of the double top pattern, Jinrui's strategy today is still to buy on dips.
~July 23rd Short-term Entry Points~
- Long position after breaking through $68,500
- Take profit at: $69,000~$69,500
- Stop loss at: $68,000
- Buy on dips near $66,500-$66,600
- Stop loss at: $66,000
- Take profit at: $67,600~$68,000
No one can predict the future, all we can do is gradually accumulate profits based on the charts.
If you want to receive real-time information later, please like & share to let me know 🙌🏻. If this is helpful to you, I hope you can like it ❤️ and follow, looking forward to your support.
I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are experiencing difficulties in trading or long-term losses, or if your trades are stuck, you can follow my public account (Jinrui in the cryptocurrency circle). Investment involves risks, so be cautious when entering the market. The market fluctuates every day, and all I can do is to use my years of practical experience to help everyone make the right investment decisions and manage their operations in the correct direction.
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