Analysis and Trading Reference for Bitcoin (BTC) on July 22 (Writing Time: 0:15)
The current price of Bitcoin is around 118,000. Recently, the price has been consolidating within a fluctuating range, operating in the upper band of the 4H Bollinger Bands. The short-term trend maintains a slightly strong upward fluctuation pattern, but bullish momentum has weakened. At the same time, the EMA moving averages still show a predominantly bullish arrangement, but attention should be paid to the resistance level's suppressive effect. In the short term, the price may continue to fluctuate between the upper and lower bands of the Bollinger Bands, with no strong breakthrough direction signal currently evident. The market can maintain a wait-and-see attitude, closely monitoring the price's testing of the resistance level at 123,218 and the support level at 117,100. If an effective breakthrough or breakdown occurs accompanied by volume, one may consider trading in the direction of the movement. For medium to long-term investors, the bullish arrangement of the EMA moving averages indicates a healthy market trend, and gradual positioning can be considered when the price retraces to near the support level. Short-term investors should follow the rhythm of the short-term consolidation range and pay attention to abnormal volatility signals. The bullish pattern "Bottom Reversal" in yesterday morning's candlestick formation suggests a short-term rebound; the bearish pattern "Bearish Engulfing" in the afternoon may indicate a short-term decline. The BOLL indicator's three lines are converging, indicating market consolidation, with prices in a low volatility environment, waiting for momentum to be released. The MACD histogram is shortening, with weakened bullish momentum and insufficient momentum, leading to a vague market direction and consolidation. The short-term EMA moving averages show a strong upward fluctuation, while the mid-term moving averages diverge upwards, and the long-term bullish arrangement indicates a relatively healthy upward trend. The RSI three lines are stable and interlaced in a neutral position, not entering extreme areas, with insufficient momentum direction, indicating a balance between bulls and bears in the market. The KDJ's J value shows a downward retreat, suggesting some room for a pullback, but not significantly; the market is in a short-term consolidation adjustment phase.
Buying Points Sharing: Buy at ≤117,200, stop loss at 116,400; take profit at 118,100-119,000-119,900; if it breaks above 120,000-120,500, it can hold up to above 122,000.
Selling Points Sharing: Sell at ≥119,900, stop loss at 120,800; take profit at 118,900-117,800-116,700; if it breaks below 116,500-116,000, it can hold.
The article review and push have delays; 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. Do not operate with heavy positions! Thank you for reading!
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Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be taken step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.
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, may you all shine on the stage of cryptocurrency, realizing your value and dreams. Wherever and whenever, Red Sister cheers for you, looking forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the cryptocurrency world, returning with a full load!
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