7.4 Bitcoin Midday Analysis


62957 recent high, with the Bollinger Bands opening upward overall. The price is running in the upper half of the Bollinger Bands, indicating a strong bullish channel.
First entry: 62000-62200 (located at the middle band of the Bollinger Bands, with clear pullback signs, light position deployment)
Second entry: 61500-61600 (bearish selling pressure exhausted, bullish defense is strong)
Stop loss: 61000 (breaks below the short-term bullish watershed, bullish idea invalidated, exit immediately)
First take profit: 62800-63000 (take half profit, short-term rallies are prone to volatility, secure half of the gains first)
Second take profit: 63500-64000 (trend extension level after breaking the previous high, take full profit)$BTC
BTC1.11%
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Langlang
· 12h ago
7.4 Midday Thoughts on BTC
62957 is the recent high, while the Bollinger Bands are opening upward overall, with price trading in the upper half of the bands, indicating a strong bullish channel.
First entry: 62000-62200 (at the middle band of the Bollinger Bands, clear pullback signs, light position)
Second entry: 61500-61600 (short-side selling pressure exhausted, strong bullish defense)
Stop loss: 61000 (break below short-term bullish watershed, bullish idea invalidated, exit directly)
First take profit: 62800-63000 (take half position off, short-term surge prone to consolidation, secure half profit first)
Second take profit: 63500-64000 (trend extension after breaking previous high, take full position off) $BTC
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