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7.1 Midday Market Analysis$BTC
Bitcoin's hourly chart appeared to form a bearish flag pattern breaking downward, even superimposed with an internal M-top formation—the fake-out bearish trap was performed so realistically! But what happened? As soon as the main force smashed the price through the key support at 58600 and set a new low, it was immediately yanked back by pre-positioned funds! How is this a breakdown? It is clearly an ultimate fake-out bear trap meticulously set up by the bearish main force above the 58600 level!
What was once a resistance level has become the ironclad bottom support for us bulls! The prolonged days of grinding decline are officially over. The bears' meager chips have been completely washed out, liquidity has dried up entirely. Now is the perfect moment for the bullish main force to pull up, accumulate positions, and launch a vengeful rebound!
Trading Suggestions
Go long directly around 58600-58800, close your eyes and go long without hesitation, targeting 60000-61000 region.