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!
From the current market situation and the heat map of the order book, it can be seen that there is very strong resistance above.
The resistance zone above is between $65,500 and $66,000. If this price range is broken through, Jinrui believes that Bitcoin will once again have the opportunity to reach $70,000.
Last time, the liquidation caused short selling pressure, leading to a significant increase in the market. This is also an important basis for judgment, so please pay attention.
[BTC 4-hour chart]
As mentioned in Jinrui's analysis yesterday, it is expected that the 4-hour level will fill the deviation from the 25EMA. All EMAs are upward, so the trend is still bullish.
The important level in the near term is around $63,500, where the 25EMA coincides.
Therefore, the current strategy is to consider buying on dips with the 25EMA as support.
[BTC 1-hour chart]
The 1-hour level is currently affected by resistance from above and is gradually pulling back. Therefore, it is possible to enter the market and take profits slightly in the high zone.
~July 18th short-term entry point~
Long position at 1-hour 25EMA
Entry price: $63,800~$64,000
Stop loss: $63,400
Target price: $65,000~$65,400
As the trend is upward, the basic strategy is to buy on dips. No one can predict the future, all we can do is gradually accumulate profits by facing the charts.
If you want to get real-time information later, please like & share to let me know 🙌🏻. If this is helpful to you, I hope you can like ❤️ and follow, and look forward to your support.
I have many 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.
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