Looking at the BTC market from the daily, 4-hour, and 1-hour comprehensive charts, the daily low points are continually rising, and the price remains steady above the middle band of the Bollinger Bands. Capital is still in a net inflow state, and the mid-term bullish structure remains intact. The resistance above is 65589, and 62000 is the boundary line between mid-term bulls and bears. After peaking at 65589 on the 4-hour chart, the bullish momentum weakened, with indicators showing a bearish crossover at high levels, and the price retreated to test the middle band support of the Bollinger Bands.
The one-hour bearish sentiment is being released intensively, with indicators slightly entering the oversold zone, indicating a technical bounce is required. The first pressure for the short term is seen at 64600, with support at 63840. In terms of operation, a light position can be taken to bet on a slight rebound, and if the rebound hits resistance at 64600-65000, a short position can be attempted. A wave retracement to the 63800-63000 range is still a low buy opportunity. Keep defensive stops below 62000; if this position is effectively broken, a shift in strategy is needed to view the market bearish. Lastly, remind everyone that market risks are extremely high; the analysis above is for market reference only and does not constitute any trading advice. The above is merely a technical sharing of the market, not constituting any investment suggestion.Follow Mr. Coin for real-time market analysis.
7.16 Bitcoin Short-Term Reference:
Southbound in the range of 65300-66300, with a defense at 67500, stop loss of 500 points, target below 64500.
Northbound in the range of 62300-63300, with a target above 63800, stop loss of 500.
Messages may have delays, strategy suggestions are for reference only. The market changes rapidly; regardless of how high the judgment and grasp of the market are, it is essential to have stop-loss and take-profit measures in place, securing profits is safe.
7.16 Ethereum Short-Term Reference:
Above 1905-1925, with a defense at 1870, target below 1760.
In the range of 1800-1850, with a defense at 1700, target above 1880.
Messages may have delays, strategy suggestions are for reference only. The market changes rapidly; regardless of how high the judgment and grasp of the market are, it is essential to have stop-loss and take-profit measures in place, securing profits is safe.
For more real-time trading strategies, online technical learning, exits from positions, etc., you can follow the mentor’s public account (Mr. Coin Talks About Coin) to get the addition method: the first ten daily can receive uncompensated position recovery strategies.
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