Bitcoin Market Analysis and Trading Reference for July 28 (Writing Time: 0:09):
The current price of Bitcoin (BTC) is around 118,700, overall in a fluctuating upward trend, with bullish forces dominating. However, upward momentum has weakened, and the market is currently in a consolidation phase. In the short term, the market may continue to fluctuate within the current range, with resistance testing around the upper 4H boundary near 119,800, while support strength is focused on the middle boundary at 117,600. Due to short-term indicators showing overbought risks, a slight pullback may occur soon, but the pullback strength is limited. However, caution is needed for potential pullback risks after consecutive increases. The current market remains in an upward trend, with the long-term EMA maintaining a stable rise. It is recommended to gradually build long positions near the middle boundary where support is observed, waiting to add positions after confirming a low-level pullback. For upward pressure, light short positions can be attempted if the upper boundary is under pressure! The K-line pattern shows a spinning top appearing during the recent consolidation period, indicating the market is in an unclear direction with balanced bullish and bearish forces. The BOLL bandwidth is narrow, and the market is in a low volatility consolidation phase, with prices near the middle boundary showing no breakout signs. The KDJ indicator is in a high-level convergence state, with the J line turning downward, indicating the market may face short-term pullback pressure. The RSI short-term line shows a strong bias, not entering the overbought zone, with the market overall in a slightly bullish consolidation state. In the MACD, green bars are increasing, with the fast line diverging from the slow line, indicating signs of a low-level rebound. The short-term EMA lines are converging but overall above the mid-term line, while the long-term EMA shows a long-term bullish trend. In summary, it is recommended to focus on long positions during pullbacks!
Buy Point Sharing: Buy at ≤117,600, stop loss below 116,600; take profit at 118,700-119,800; if breaking above 112,000-120,500, positions can be held.
Sell Point Sharing: Sell at ≥119,900, stop loss above 120,800; take profit at 118,600-117,600, if breaking below 117,500-117,000, positions can be held.
The article review and push 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 the cryptocurrency world is vast and boundless, filled with opportunities and challenges. I hope you 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. Wherever and whenever, Red Sister cheers for you, looking 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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