Bitcoin July 2nd [Market Analysis]

CN
1 day ago


📅 Bitcoin July 2nd [Market Analysis]


🔍 Market Analysis:

Bitcoin continues to show weakness in the short term, with bears still dominating the market rhythm:

  • Four-hour level:
     The MACD death cross continues to expand, the green momentum bars have disappeared, but the DIF has crossed below the zero line, indicating the continuation of the bearish trend, with no signs of stabilization.

  • Hourly level:
     The RSI once fell to the 28 oversold area, then rebounded to 35, indicating a technical repair demand in the short term, but the momentum remains weak.

  • Daily level:
     The RSI hovers around 42, still in a bearish range overall, indicating that the medium-term trend has not yet reversed.

The current trend shows a structure of "medium-term bearish + short-term weak rebound," making it difficult for the rebound to change the downward trend; operations should maintain a defensive mindset.


📉 Trading Plan:

Operational Thoughts: Focus on the key defensive level of $104,000

  • If the price breaks below and significantly falls under $104,000, it will be seen as a further weakening of the trend, and one can follow up with short positions;

  • If it holds above $104,000 and rebounds with volume, consider short-term speculative recovery trades, but profit-taking and stop-loss must be clear;

  • The current trend is still dominated by bears, and one should avoid "guessing the bottom" or counter-trend buying.


⚠️ Strategy Reminder:

  • $104,000 is the dividing line between bulls and bears; breaking or holding this level will determine the next direction;

  • It is recommended to test with light positions + strict risk control, waiting for clear signals before increasing positions;

  • Short-term rebounds are only seen as weak repairs until they break the middle Bollinger band and the MACD has not golden crossed.


**—— Crypto Master Community, a community focused on technical analysis. Friends with any questions about operations or trends can communicate and learn operations with me! Let's share and profit together! Remember, Crypto Master is here 24/7, follow Crypto Master to avoid getting lost!

**[The above analysis and strategies are for reference only. Risks are to be borne by the individual. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow the real-time strategies of Crypto Master.]

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