Mr. Coin in the Crypto Circle: July 11 Bitcoin (BTC) Market Analysis Reference
Following up on yesterday's BTC market ideas, the article mentioned that as long as the support at 63600 holds, the large cycle bullish structure will not be broken. The current price is 64131.7, and the price remains firmly above the middle line of the Bollinger Bands on the 4-hour timeframe. The previous low support is effective, and the medium-term bullish pattern is complete. However, the RSI has reached 65.9, approaching the overbought line, and the KDJ is showing divergence at high levels, indicating a need for pullback under pressure. The strong resistance above is at 64680, with core support at 63600,
Looking at the 1-hour short-term Bollinger Bands, it shows a flattening pattern entering a high-level oscillation. After hitting a high of 64680, it has pulled back under pressure. The RSI has retreated to 54.9, indicating a balance between bulls and bears, but the MACD has formed a death cross with small green bars increasing, and the KDJ has turned together. The short-term sentiment is slightly bearish, with support in the short-term range of 64000-63900. In summary, the long-term bullish trend remains unchanged with continuous capital inflow supporting it. However, since the 4-hour indicators are showing high levels of divergence plus the 1-hour short-term is weakening, the short-term focus will be on high-level range consolidation, making it unsuitable to chase long positions at high levels,
Currently, short-term prices are entering a consolidation phase, with both bulls and bears operating near the middle line. The market pattern is unclear, and short-term price fluctuations are quite strong. Therefore, Mr. Coin recommends everyone to wait and observe for the moment, considering entry only when reaching support or resistance. The above is only for technical exchange and does not constitute any investment advice. The above is merely a technical share of the market, not constituting any investment advice.Follow Mr. Coin for real-time market analysis.
Short-term Reference for Bitcoin on July 11:
Short position in the range of 64600-65600, defending at 66500, stop loss at 500 points, target below 63500
Long position in the range of 62300-63000, target above 63500, stop loss at 500
There might be delays in sending out this chapter, strategy suggestions are for reference only, as the market changes rapidly. Regardless of how accurate the market judgment is, always carry out stop-loss and take-profit measures to ensure safety.
Short-term Reference for Ethereum on July 11:
Above 1825 for short positions, defend at 1870, target below 1760,
In the range of 1680-1730 for long positions, defend at 1600, target above 1770,
There might be delays in sending out this chapter, strategy suggestions are for reference only, as the market changes rapidly. Regardless of how accurate the market judgment is, always carry out stop-loss and take-profit measures to ensure safety.
For more real-time trading strategies, online technical learning, and exit strategies, follow the mentor's public account (Mr. Coin Talks About Coins) for addition methods: the first ten each day can receive free exit strategy support,
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