Bitcoin July 29 [Market Analysis]

🔍 Market Analysis:

Currently, the price of Bitcoin is maintaining a narrow range of fluctuations, and the short-term market is in a stalemate:

• Bollinger Bands (1-hour level) continue to narrow, with the upper and lower bands located around 118,300 and 117,400, respectively, indicating a decrease in market volatility and that the price is in a consolidation phase;

• K-line is running close to the middle band, indicating a temporary lack of direction in price, with increased range constraints;

• RSI indicator remains in the neutral zone of 45–55, with short-term bullish and bearish forces being evenly matched;

• Although the Bollinger Bands are narrowing, the middle band continues to rise, indicating that bearish momentum is gradually weakening, and the market shows mild signs of warming.

Overall, the short-term structure is in a consolidation bottoming phase, and if trading volume gradually increases, a breakout from the consolidation range is expected.

📉 Operational Suggestions:

🔔 Trading Strategy: Focus on low buying, respond flexibly

• Maintain a “buy low, sell high” strategy within the 117,400–118,300 range;

• If the price effectively breaks above 118,300 with increased volume, follow up with long positions;

• If it falls below 117,400, pay attention to stop-loss and wait for confirmation of support below;

• During the phase of converging volatility, it is recommended to participate with light positions, focusing on directional signal choices.

📌 Strategy Summary:

The range has formed, and momentum is gently recovering.
Operate in line with the trend, avoid chasing highs and cutting losses, light positions with quick entries and exits are advisable.

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**[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow the real-time strategies of Crypto Master.]

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