Zhang Lihui, edited at 1:00 AM Beijing time on July 2: Today's Bitcoin market analysis and trading suggestions:
Setting aside the impact of news, this recent drop in Bitcoin aligns with bearish indicators. Lihui has emphasized for many days not to chase long positions at high levels, and hopes that fans can heed this advice. Continuing to observe Bitcoin's evening pullback approaching the 105,500 position, the candlestick is also dipping close to the MA450, MA380, and MA300 three-line crossover support, forming a doji star rebound. This is a short-term bullish rebound signal, and both KDJ and RSI show intentions of turning up from the bottom. It is suggested that those with high short positions can appropriately reduce their holdings to take profits. The upper side can continue to focus on the middle and upper bands and the potential crossover with MA180 as two pressure points. If the MA450, MA380, and MA300 three lines break again, one can continue to hold. From the current Bollinger Bands channel shape, there is not much rebound space, and the lower band continues to extend downward, indicating that the bearish trend is not over yet; do not rush to catch the bottom.
In the 4-hour chart, it can be seen that the candlestick has just hit the key support zone of MA220, MA120, MA300, MA180, and MA60 mentioned by Lihui yesterday, forming a rebound. However, the Bollinger Bands channel still continues to move downward, so a short-term rebound high short opportunity is coming. The upper side is also seeing pressure at the middle band position, which overlaps with the 1-hour MA180 pressure zone. As long as the five-line support is broken again, the next position to watch will be around MA380, which is about 104,300. From the performance of the MACD's lower volume, it may not stop there, and the fast line has already entered below the zero axis, with no convergence pattern appearing. Overall, the bearish momentum is still quite strong. The most critical position below remains the daily middle band and MA60 zone, and attention should continue to be paid to the convergence strength of the daily fast and slow lines and whether a death cross can form!
Suggested short entry point: A rebound in the 106,500-107,100 range can continue to try short positions; stop loss above 107,500; target 105,500-104,300, and if it breaks to 104,000, one can continue to hold.
For long positions, focus on whether the 4-hour MA380 can provide support before considering entry. The current position is not recommended for short-term longs; specific low long operation opportunities can be consulted with Lihui based on real-time market changes for layout entry!
The specific entry opportunities at the above points can be based on Lihui's real-time notifications! The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with actual operations, and real-time notifications should be the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set stop-loss and take-profit levels, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I have conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. Just as "The road is long and has no ending; yet high and low I'll search with my will unbending," I hope we keep pace with the times, draw wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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