Market confidence is recovering in July, and the BTC uptrend is still continuing!



The daily structure strongly breaks out of 5 consecutive bullish candles—are we waiting for another bullish candle today?

BTC’s 1-hour bullish momentum is strong. BTC’s 1-hour moving averages form a golden cross, with a bullish alignment spreading upward. As for BTC’s pullback, it still mainly favors going long on dips.

As long as BTC’s pullback does not break 623, BTC on the 1-hour timeframe will continue to maintain a range-bound uptrend. If BTC breaks through and holds above 630, the upside space for BTC longs will be further opened.

On Thursday, the Fed monetary policy meeting minutes and the ECB June monetary policy meeting minutes will directly affect the USD trend and drive volatility across the crypto market.

BTC trading recommendation: long at 626-628; defensive 900 points; target 637—if it breaks, watch 643-649 #现货黄金站上4200 $BTC
BTC0.09%
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