Mr. Coin: 7.12 Bitcoin (BTC) Market Analysis Reference
Bitcoin is currently priced around 63833, showing an overall pullback during the day. First, looking at the 4-hour medium-term cycle, the price continues to stay above the middle band of the Bollinger Bands, and the previous low point's medium-term support has not been broken. The bullish larger structure is temporarily maintained, but indicators are showing weakness, with the RSI dropping to 45.4, MACD dual lines moving down with green bars appearing, and KDJ three lines synchronously moving down approaching the oversold zone. The upper pressure is at 64691, with key short-term support at 63600 and next support around 62500.
Looking at the short term, the Bollinger Bands are opening downward, and the price continues to face pressure and fallback, with the lowest dip around 63600. The RSI has fallen to 39.3 entering the weak zone, the MACD death cross continues to expand the green bars, and KDJ also remains in a low downward trend. Short-term bearish strength is prevailing. Overall, after the earlier high volatility ends, selling pressure has concentrated and released, capital is flowing out combined with large sell orders suppressing the price, and short-term market will continue to test the 63600 support. Do not blindly bottom-fish long positions before a stabilization and bullish signal appears. A prudent approach is to wait for a stop-loss bullish line at the 63600 support before planning more longs. If the 63600 breaks effectively, then look for a bearish trend.
The market is fluctuating repeatedly. The focus moving forward is on the situation below 62500. If it does not break, the overall bullish structure remains. The daily trend continues in high-range consolidation, but the rebound strength is starting to weaken. It is suggested to primarily focus on buying the dips. The above is only a technical share regarding the market and does not constitute any investment advice.Follow Mr. Coin for real-time market analysis.
7.12 Bitcoin Short-term Reference:
Selling from 64600-65600 range, with a defense at 66500, stop loss at 500 points, target looking below 63500.
Buying from 62300-63000 range, with a target above 63500, stop loss at 500.
There might be delays in sending, and the strategy advice is for reference only. The market changes rapidly; no matter how confident you are in the market judgment, make sure to set profit taking and stop-loss effectively to secure profits.
7.12 Ethereum Short-term Reference:
Above 1825, defend at 1870, with a target below 1760.
From 1680-1730 range, defend at 1600, with a target above 1770.
There might be delays in sending, and the strategy advice is for reference only. The market changes rapidly; no matter how confident you are in the market judgment, make sure to set profit taking and stop-loss effectively to secure profits.
For more daily real-time trading strategies, online technical learning, and ways to exit positions, you can follow the tutor's public account (Mr. Coin Speaks Coin) to get the addition method: the first ten each day can receive free strategies for exiting.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
