Bitcoin Market Analysis and Trading Reference for July 31 (Writing Time: 0:22):
The current price of Bitcoin (BTC) is around 117,800. In the 4H chart, the price continues to show a sideways consolidation trend, fluctuating within a narrow range around the short-term moving averages and technical indicators. Market sentiment is relatively cautious, with the price in a consolidation range. Bullish momentum has weakened, and it may continue to consolidate or attempt a slight pullback in the short term, with support expected near the lower Bollinger Band at around 117,100. If faced with sudden factors from interest rate decisions, there is also the possibility of the price attempting to break above the consolidation high and approach new highs. Currently, the market lacks clear trend signals, and heavy trading is not recommended. The upper and lower Bollinger Bands on the 4H chart can be referenced as a short-term range trading strategy. The current Bollinger Band is narrowing, and the price is in the middle to lower band range, indicating a low volatility state in the market while waiting for a breakout opportunity. In the MACD, the DIF and DEA lines have crossed, with multiple attempts to converge failing, but the red bars are weak, indicating consolidation with balanced bullish and bearish forces. The RSI for three periods is below 50 but above 30, showing low sentiment but not oversold, with the market waiting for directional drivers. The KDJ three lines are closely aligned at a low position, with the J line rebounding from the bottom but lacking momentum. The short-term EMA moving averages are densely aligned, indicating sideways consolidation, while the long-term moving averages are still sloping upwards, maintaining an upward trend structure. In the short term, there may be upward pressure again, and it is recommended to continue focusing on short positions, with strong breakouts above the consolidation high allowing for long positions!
Buy Point Sharing: Buy at ≤117,100, stop loss below 116,100; take profit at 118,300-119,400; if breaking above 119,500-112,000, it can be held.
Sell Point Sharing: Sell at ≥119,400, stop loss above 120,500; take profit at 118,000-117,200-116,600, if breaking below 116,500-116,000, it can be held. Breaking above 120,800 can allow for long positions!
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 trading! Thank you for reading!
Follow the blogger to avoid getting lost in trading. Scan to add "Coin Circle Red Sister," with daily benefits awaiting your participation!
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 walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope you 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 enhance 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 you are, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the cryptocurrency world, returning with a full load!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
