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July 20th BTC intraday trading strategy
BTC Good afternoon, brothers! It's the weekend again! Today, let's briefly discuss the trading strategy for BTC's recent trends! Two directions!
Two personal thoughts:
Currently at the peak of 123300, these days, I can also feel strong resistance above 122000! Only with a deep correction, accumulating strength, along with some strong favorable policies in September! We can start a new round of bull market, aiming for the 140000-150000 range!
🔥First: Next, BTC will continue to rebound to around 119000-119300! Then it will start the third phase of a substantial retracement. If this retracement occurs, it is highly likely to fall below 115660, and then go to fill the gap at around 113800 and 111800! The pullback will accumulate strength, combined with the favorable policy of interest rate cuts in September! This will initiate the second round of increases! Then, after BTC rises to around 119000, Ethereum will begin to catch up to 3700-3750! After that, it will follow BTC's pullback!
🔥Second: If BTC strongly breaks through 119300 and receives strong support! Then BTC will continue to rebound up to test the 1218000-122500 range, forming a secondary peak, and subsequently continue to pull back, ending this period of upward momentum! ETH will also take the opportunity to strongly rally and break above 4000, and then follow BTC down, ending this round of upward momentum!
These two viewpoints are just personal opinions! The subsequent market trends need to continuously pay attention to market changes! Timely updates and adjustments!