Only with a calm mind can one achieve great success. Investing is only for making money, everything else is just empty talk. Making money is the only way. Hello everyone, I am Jinrui from the cryptocurrency circle!
Compared to last week, the buying pressure in the BTC order book is increasing. The selling pressure has also been stable recently, so there may be a range-bound market.
Looking at the order book, there is more buying pressure around $62,000 to $62,800, and more selling pressure around $63,000 to $63,700.
[BTC 4-Hour Chart]
On the 4-hour chart, due to the continuous small fluctuations yesterday, according to Dow Theory, it is still in an upward trend, but one should be cautious of a potential small double top pattern.
The ideal strategy is to buy on the pullback with the 25EMA as support on the 4-hour chart. Additionally, Jinrui also anticipates a golden cross between the 25EMA and other EMAs.
After multiple attempts to break above the parallel channel, the 25EMA is considered a "support-resistance swap zone." Therefore, entry at the 4-hour chart level should wait for a pullback to the 25EMA.
So, buying on the pullback after the 4-hour 25EMA and setting up long positions after a breakout reversal above the channel are two suitable entry points.
[BTC 1-Hour Chart]
On the 1-hour chart, one should be cautious of a double top pattern, as it indicates a potential downtrend.
If the double top pattern is invalidated, one can set up short-term long positions in the $62,300 to $62,200 range, as this area serves as the neckline and acts as support and resistance on the 1-hour chart.
As long as this area is not broken, buying on dips is viable.
In the event of a confirmed double top pattern, a similar magnitude of decline is expected, approximately 1.8%, around $61,200.
~July 2nd Ultra-Short-Term Entry Points~
① Long position near $61,200
Stop loss: $60,700
Target price: $62,000 to $62,400
② Long position near $60,600
Stop loss: $60,100
Target price: $61,200 to $61,900
③ Long position near $62,300 to $62,200
Stop loss: $61,800
Target price: $63,000 to $63,600
If you want to receive real-time information later, please like and share to let me know 🙌🏻. If this is helpful to you, I hope you can like it ❤️ and follow me, looking forward to your support.
I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are not doing well in trading or experiencing long-term losses and being trapped in trades, you can follow my public account (Jinrui in the cryptocurrency circle). Investment involves risks, so be cautious when entering the market. The market fluctuates every day, and all I can do is to use my years of practical experience to help you make the right investment decisions and manage your operations in the right direction.
The end of the article and other advertisements in the comments section are not related to me personally!! Please be cautious in distinguishing between true and false information. Thank you for reading.
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。
