Being a little cautious leads to more victories; emotional impulsivity brings difficulties. The most important value of a person lies in restraining their instinctive impulses. Emotions and temptations have become the greatest adversities; small profits are like beautiful women, while significant trends are like kingdoms. Too many people lose their kingdoms for beautiful women, and sometimes what you bring back may not be a beauty but a disaster. Impulsiveness indicates that one is still trading; always being impulsive shows that one fundamentally does not know how to trade. The greatest sorrow in life is turning a new love into an old love, and impulsiveness into a habit.
Yesterday, I was bullish on Bitcoin; the price rebounded after testing the ambush points twice, with both rebounds having over a thousand points of upward space. How many coin friends seized this opportunity? Now, let’s analyze the next trends based on this thinking.
The monthly level candlestick has formed a large bearish candle, with the price dropping ten thousand points this month. The price has now fallen to the lower support line; as long as this point does not continue to decline, there is a high probability that in July it will rebound after finding support.
On the daily level, the price is operating between the middle and lower tracks. The previous candlesticks have all formed lower shadows, and the speed of decline is slow, indicating that the bearish sentiment at the bottom is weakening and lacks significant momentum. Moreover, the MACD indicator in the attached chart has started to show slight bullish volume, suggesting an overall bullish tendency. Therefore, the main strategy for pullbacks should be bullish.
Today, it is advised to buy on dips in the 59100-59500 range in batches, with a target towards the 60700 level, and a breakthrough target of 63000. The levels are for reference only.
Follow the public account, how to relieve worries, only Jiang Wei. A treasure analysis blogger with full emotional value and free trading teaching, bringing stability and clear guidance in the restless trading market, with experience spanning three bullish and bearish cycles and years of practical trading experience. Skilled in naked K, trend, Dow theory, Gann, harmonic, Chan theory, wave theory, and other technical analyses, culminating in a unique perspective.
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