Bitcoin Market Analysis and Trading Reference for July 30 (Written at 1:40 AM):
The current price of Bitcoin (BTC) is nearly 117,800. From the 4H chart, the short-term price trend indicates that the market is still in a consolidation phase, with intense competition between bulls and bears in the short term. The price is currently fluctuating near the lower Bollinger Band, while the short-term EMA moving averages are diverging downwards, suggesting that the market direction remains weak in the short term, with a risk of a slight downward test of support. The short-term EMA moving averages of 7 and 10 are diverging downwards, and coupled with the weak operation below the MACD zero line, it shows that the bearish strength has not completely dissipated. Meanwhile, the KDJ indicator shows that the market is in a low-level consolidation area, with insufficient rebound momentum in the short term. Attention should continue to be paid to the support levels at the lower Bollinger Band of 117,400 and the medium to long-term EMA of 120. Defensive positions can be set at the EMA of 160, and after confirming support, one can consider light long positions at lower prices, targeting the range between the middle and upper Bollinger Bands! For conservative traders, it is advisable to continue attempting to sell high during the consolidation phase! The recent K-line pattern has shown a double top and bottom formation, indicating potential short-term rebound possibilities and short-term downward pressure at the top. The Bollinger Bands are narrowing, indicating a slowdown in market volatility, and the market is in a phase of horizontal consolidation with balanced bullish and bearish forces. In the MACD, the DIF line is slowing its downward divergence below the zero line, indicating a weakening of bearish strength, but the market remains in a weak consolidation phase, requiring observation for potential golden cross signals. In the KDJ, the K and D values are hovering in the low area, with the J value showing a short-term rebound but no breakthrough signs, leading to a stalemate in trading between bulls and bears! The short-term EMA moving averages are creating downward pressure, while the medium to long-term moving averages provide support, placing the market in a short-term adjustment pattern within a larger bullish trend.
Buying Points: Buy at ≤116,600, with a stop loss below 115,500; take profit at 118,400-119,400; if breaking above 119,500, consider holding to 112,000.
Selling Points: Sell at ≥119,400, with a stop loss above 120,500; take profit at 118,000-117,200-116,600; if breaking below 116,500-116,000, consider holding.
The article review and push may have delays; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!
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Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.
Remember, the cryptocurrency world is not just about numbers and charts; it is an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Continuously learn and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, may you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the cryptocurrency world, returning with a full load!
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