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 strategy analyzed by Jinrui yesterday was to enter long positions near $66,800 and the market reached $67,600 around 1 am, securing a profit of 800 points.
[BTC 4-hour chart]
After Biden withdrew from the election, Bitcoin experienced a sharp decline, but then rebounded on the 4-hour 25EMA.
Although there was no significant retracement, the strong upward trend continues, so Jinrui advises everyone to be cautious of sudden adjustments.
The 25EMA on the 4-hour chart has acted as support, and in terms of volatility, the ideal entry point is to wait for the narrowing of the gap between the 25EMA.
Even in a downturn, $66,000 will still be a very strong support, and the market sentiment remains strong.
Therefore, today's strategy is only one: "buy on dips."
[BTC 1-hour chart]
There is still some distance to go above the parallel channel on the 1-hour chart, so there is expected to be upward potential.
The $68,500, which serves as a high resistance, is also a price range that was previously focused on. If this range is broken, Jinrui can expect an increase to a higher price.
~July 22nd ultra-short-term entry points~
① Buy long in the range of $66,400 to $66,600
Stop loss: $500
Target price: $67,500 to $68,500
② Buy long in the range of $67,300 to $67,500
Stop loss: $500
Target price: $68,000 to $68,500
No one can predict the future, all 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 (Jinrui from 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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