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!

The current market is still weak, so let's take a look at today's analysis immediately.

Firstly, looking at the order book, there are more buy orders near $56,000. Therefore, if Bitcoin can hold this price level in the short term, it will avoid further significant declines.

[BTC 4-hour chart]

The $56,500 to $56,600 range is the resistance level from May 2nd. If it falls below this point, Jinrui believes it will lead to another round of decline.

If this area serves as support, it may form a double bottom and other upward trends. If such a trend is not observed, the short-term outlook remains bearish.

The main signal in the short to medium term is to short based on the 4-hour 25EMA as short-term pressure. Due to the presence of overlapping sections of the blue resistance line, it has a higher priority.

4-hour chart view: Bearish ↓, while also paying attention to whether the price can hold the $56,000 level.

[BTC 1-hour chart]

Due to the significant deviation of the 4-hour 25EMA, there may be upward space to fill in the short term. However, as both the daily and 4-hour charts are in a downtrend, remember that "long positions are only for short-term strategies."

~July 5th ultra-short-term entry points~

① Short based on the 1-hour 25EMA

Short price: $58,200

Target price: $56,750

Stop-loss price: $58,700

② Long near $56,750, Jinrui expects to form the right shoulder of a double bottom. However, it is recommended to enter the market with a small position.

Target price: $58,000

Stop-loss price: $56,160

③ Short with the trend after breaking $56,750, enter when the actual price breaks.

Target price: $56,000

Stop-loss price: $57,000

If you want to receive real-time information later, please like & share to let me know 🙌🏻. If this is helpful to you, I hope you can like it ❤️ and follow, 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, experiencing long-term losses, or 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, 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。