Cryptocurrency Academician: On July 23, Bitcoin's bull market momentum is weakening, and the shadow of a bear market is beginning to appear? Latest market analysis and operational advice interpretation.

CN
17 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand.

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Crypto Circle Academician: July 23, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 119,150. It is now 1:30 AM Beijing time, and Bitcoin has returned to around 120,000. Friends who are heading north at 116,000 should consider getting off the bus, as the market has provided another opportunity to head south. The bullish momentum has clearly weakened. At this point, if the short-term profit exceeds 2,000 points, it can be taken. As always, keep looking for opportunities to head south. In the short term, everyone can enter and exit quickly to prevent the risk of a pullback. The larger trend has not broken down, so the best approach is to wait for a pullback to support below 117,000 before trying to go north; this will significantly increase the accuracy.

Before publishing, the daily K-line had a maximum of 119,600 and a minimum of 115,850. The EMA trend indicator continues to stretch upwards, and the EMA15 trend fast line has reached 116,300. The EMA30 has broken the 786 division line. The MACD shows a decrease in volume with K-line divergence pulling upwards, and the top divergence trend is evident. The DIF and DEA have formed a dead cross. The upper pressure of the Bollinger Bands has shifted downwards, with the middle track support at 115,000 being effective. The strategy is to go north as long as the middle track is not broken, while trying to go south near 120,000.

The four-hour K-line shows a doji star and a top divergence, along with previous bullish engulfing patterns, indicating that the bullish trend still exists, although the bullish momentum is slowing down. The EMA15 and 30 overlap at 118,000. The MACD shows an increase in volume, while the K-line has moved down. After touching the upper Bollinger Band, it was pushed down, indicating that the pressure at 119,500 is effective. Pay attention to the short-term support at the middle track of 118,000 and the lower track support at 116,000. The current strategy is to primarily head south, temporarily not considering going north until the bottoming ends.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal, especially when breaking key pressures and supports. If you need to stop-loss, do it; don’t hold onto losing positions.

Northward trial entry point: 116,500 to 116,000, with a defense at 115,500, stop-loss at 500 points, target at 117,500 to 118,000, and if broken, look at 118,500 to 119,000.

Southward trial entry point: 119,000 to 119,500, with a defense at 120,000, stop-loss at 500 points, target at 118,000 to 117,500, and if broken, look at 117,000 to 116,500.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don’t let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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