Analysis and Trading Suggestions for Bitcoin BTC on July 5 (Written at 7:15)

The current price of Bitcoin is 108,200, and it remains in a phase of fluctuating upward movement, with a relatively balanced force between bulls and bears. The price is currently oscillating near the middle band of the 4H Bollinger Bands. The recent formation of the "black three soldiers" pattern followed by a bottom formation and a bullish engulfing pattern suggests a potential reversal, although there is strong resistance above. In the short term, the market price faces a pullback pressure, with indicators like KDJ and MACD showing a weakening of short-term momentum. Additionally, the resistance level has not been broken, indicating that the market has not fully strengthened yet. However, the market still shows strong resilience supported by multiple moving averages, accumulating strength during the fluctuations. It is suggested to consider selling near the upper band of the 4H chart; if the 107,000 level cannot provide secondary support, one should consider entering long near the lower band at 105,700. The recent appearance of "black three soldiers" followed by a bottom formation and "bullish engulfing" in the candlestick patterns indicates a potential rebound trend; the current "naked line" and "belt hold line" suggest strong buying power. In KDJ, the K line and D line are gradually approaching the oversold area, and the J value is at a low position, indicating a possible rebound after a pullback in the short term. In MACD, the DIF fast line and DEA slow line show a significant reduction in energy after a death cross; in BOLL, the price is running between the middle and upper bands, with converging volatility, slightly favoring bulls but not breaking the upper pressure. In summary, it is suggested to continue waiting for divergence to open up, focusing on short positions!

Sell Point: ≥ 108,700 short, stop loss above 109,700; take profit at 107,500; if it breaks below 107,300-107,000, it can continue to hold;

Buy Point: ≤ 106,000 long, stop loss below 105,400; take profit at 107,300-108,200;

There may be delays in article review and push notifications; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Avoid heavy positions! Thank you for reading!

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Remember, the cryptocurrency world is not just about numbers and charts; it is an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and improving your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency journey, returning with a full load!

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