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 AICoin Jinrui!
Currently, Jinrui believes that whether "60,000 US dollars" can be maintained this week is crucial, and Jinrui will continue to pay close attention to it.
The inflow of ETF is gradually recovering.
[BTC Daily Chart]
On the daily chart, Jinrui's previous target remains unchanged. As the 200EMA is providing support, the first thing to look at is whether it can be broken through here.
Because Jinrui expects a death cross trend near the 25EMA, the coin price may attempt to form such a trend around $52,800 to $51,000.
The 200EMA on the daily chart is still a key point, possibly forming a double bottom pattern. However, it is currently running below the EMA and facing significant resistance above, so Jinrui expects further decline.
[BTC 4-hour Chart]
On the 4-hour chart, it is currently in a multi-unit position in anticipation of a double bottom, but the overall trend is still downward.
Coupled with the resistance from the 25EMA, holding a short position is necessary. If going long, one needs to wait for a breakthrough at the neckline (around $58,500) before entering the market in the direction of the trend.
The short position supported by the 25EMA on the 4-hour chart is worth holding, and it is also necessary to observe whether a double bottom pattern will form.
[BTC 1-hour Chart]
On the 1-hour chart, due to significant resistance above, Jinrui suggests refining the profit points.
~July 9th Ultra-short-term Entry Points~
① Long position after breaking through $56,800
Target price: $57,800 to $58,300
Stop loss: $56,300
② Short position near $58,300, abandon if the upward momentum is strong.
Target price: $57,800 to $57,000
Stop loss: $58,800
③ Partial long position at $55,000 to $54,300
Target price: A profit of $600 to $1000
Stop loss: $53,500, can maintain a bullish view until the stop loss is triggered
Currently, Jinrui believes that the short-term correction has ended, and the market will not rise unless the market falls again.
Jinrui also sees various opinions circulating in the market, but at present, the most important thing is to face the "current" chart.
No one can predict the future. What we can do is gradually accumulate profits by facing the charts.
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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 (AICoin Jinrui). Investment involves risks, so be cautious when entering the market. With the constant fluctuations in the market every day, 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.
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