Analysis and Trading Suggestions for Bitcoin BTC on July 3 (Written at 8:24)

The current price of Bitcoin is 108,800. From the current daily K-line chart, the overall trend is in a triangular expansion. After breaking through the parallel resistance of last month's high on the 17th last night, a new round of trends has emerged. Now we need to see if it can continue to challenge the triple top resistance position from the 9th to the 11th of last month successfully. I believe that regardless of success or failure, it is possible to consider shorting near this position, as long as proper defense is in place! The current K-line has encountered resistance after a rise and has entered a consolidation phase. Technical indicators show that the market remains strong, with a prevailing bullish atmosphere. In the short term, the price uptrend is initially facing resistance, currently approaching a key resistance level near 110,300, and both KDJ and RSI indicate overbought risks, which may lead to adjustment pressure in the short term. However, from the performance of MACD and MA moving averages, the bullish trend remains strong, with slight potential for further rebound. Recently, a bullish engulfing pattern has formed in the K-line shape, and it is oscillating below the key resistance level of 110,300, indicating the possibility of a rebound or directional choice. The KDJ indicator is close to the overbought area at a high level, with the J value above K and D, showing strong short-term momentum but caution is needed for high-level changes. In MACD, the DIF line crosses above the DEA forming a golden cross, and the histogram has turned from negative to positive, indicating initial accumulation of bullish momentum but not yet strong. The BOLL Bollinger Bands are narrowing, with prices oscillating near the middle track and testing the upper track, indicating reduced short-term volatility. The short-term moving averages in MA are turning upwards, with prices above all moving averages, indicating an overall bullish trend but the key resistance level has not been broken. The RSI is in the high area of 80, with buying power dominating, and attention should be paid to the potential pullback risk after overbought conditions.

Sell Point: Short at ≥109,200, stop loss above 110,300; take profit at 108,500-107,600; if it breaks below 107,500-107,100, you can continue to hold;

Buy Point: Pay attention to the support in the 107,500-107,100 range and consider entering low long positions, targeting over 2,000 points, and decide based on the performance at the 110,300 resistance;

The article review and push have delays, and 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. Keep learning 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, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. Wherever you are, Red Sister cheers for you and looks forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency journey and a bountiful return!

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