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July’s BTC trading ideas: all analysis is not a trading strategy—please refer to it rationally. #BTC
In June, a large bearish candle closed, and the price was in the discount zone.
For such a monthly close, it is actually not ideal. It doesn’t mean it will drop immediately, but the expectation for a rebound in July will be too low.
If the price continues to fluctuate in the discount zone, then the SSL liquidity below will be strengthened; so for this combination of candles, I remain bearish.
Summary: I will continue to maintain a bearish bias. I don’t know exactly how high the rebound will go, but I will keep looking for opportunities to short—until the bias is invalidated.