Cryptocurrency Academician: On July 29, the main players in Bitcoin are quietly exiting! The frequent turnover rate of the main players requires caution! Latest market analysis and reference suggestions.

CN
18 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency space for the long term and stick it out until the end can achieve the results they desire. I hope you understand this.

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Cryptocurrency Community Expert: July 29, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 117,700. It is now 2 AM Beijing time. Before this article was published, Bitcoin had already reached our first trial position of 119,800. Although the position is relatively light, it is not a big problem. We still need to set a defensive stop-loss. The rest is left to time. Since the high point of 120,000 is a major resistance level, we will see if the momentum below the major support point of 116,000 is strong enough to decide whether to exit completely. Until then, holding is sufficient.

The daily K-line reached a high of 119,800 and a low of 117,650. The K-line has touched the EMA15 trend fast line support. The next support point to watch is EMA30 at 115,000. The MACD has shown continuous top divergence with decreasing volume. The DIF and DEA are still in a dead cross and expanding downwards. The Bollinger Bands are also contracting, with the upper band descending to 121,500 and the lower band rising to 114,000. Overall, this indicates that the main force is preparing for a shakeout. If the middle line at 117,800 is lost, the next step is likely to test the bottom at 115,000, so be prepared for short positions.

The four-hour K-line has returned to the trend indicator, breaking below the EMA60 line at 117,800. It is currently consolidating again, with the K-line continuously closing in the red. The MACD shows a decrease in volume and a clear short trend. The Bollinger Bands are contracting, and the K-line's attempt to break the upper band at 119,800 has failed, falling below the middle line. Watch the lower band support at 116,300. Based on various indicators, the focus is on short positions, and the long-term trend is not considered for now, mainly focusing on short-term.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal. Especially when breaking key resistance and support, stop-losses must be executed without holding onto losing positions.

For the northern trial position, set at 116,500 to 115,500, with a defense at 114,500 and a stop-loss of 500 points. The target is 117,500 to 118,500, and if broken, look for 119,000 to 119,500.

For the southern trial position, set at 119,800 to 120,500, with a defense at 121,000 and a stop-loss of 500 points. The target is 118,500 to 117,500, and if broken, look for 116,500 to 116,000.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, and the suggestions are for reference only. Risks are to be borne by the reader.

This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are to be borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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