The direction is wrong, and effort is in vain; analysis has no winners or losers because there is only one truth! We have simply conducted a comprehensive analysis of the entire market and the psychology of all parties involved in the game.

After Bitcoin fell from above, the price has been in a thousand-point fluctuation pattern, with a tug-of-war between long and short positions. There are numerous opportunities for both sides in the current trend; it's unclear how many coin friends can easily accept such a trend. Or will they be harvested back and forth like leeks?

As everyone knows, I prefer to trade trends and like to go for unilateral trends. Therefore, students returned triumphantly in July. I am not bragging; every student's account has grown by about 200 percent. This is the confidence that comes from strength. To put it briefly, let's take a look at the market.

On the four-hour level, the price has formed a 'mountain' pattern. The short-term price has fallen back and is now at the bottom. Although there has been a pullback, the room for decline is limited because each pullback has been pushed back up. In the early session, the price touched the 63750 mark and then faced pressure and fell back down, a typical washout and short-trapping method. Therefore, intra-day, we still maintain a bullish outlook on the pullback.

For the day, it is recommended to buy on the pullback in the 62600-62200 area in batches, aiming for a breakthrough near 63700 and then looking at the 65200 mark. The points are for reference only.

Follow the official account. To ease worries, only Jiang Wei. An analytical blogger full of emotional value offers free trading education and brings stable power and clear guidance in the restless trading market, having gone through three rounds of bull and bear markets and years of practical trading experience. Skilled in naked K, trends, Dow Theory, Gann Theory, harmonic analysis, Chan Theory, Elliott Wave Theory, and other technical analyses, converging into unique personal insights.

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