July 7


BTC Morning
The price has continuously closed bullish from the 57800 low, breaking out of a 6-day bullish run as an oversold rebound. Short-term moving averages are arranged bullishly.
On the larger cycle, price is still under pressure from the prior descending channel and is trading below the long-term moving average. This upswing is defined as a technical correction after a decline; a trend reversal can only be confirmed after the price builds enough volume to hold above 64000. The MACD bullish red histogram bars are gradually shortening, the RSI is under pressure at high levels, bullish momentum is clearly weakening, and early trading has entered a high-level consolidation and washout.
Strategy: 64000-64500 range order (箜), with defense at 64800, target 63000-62500
Disclaimer: Investment involves risks. Enter the market with caution. #比特币巨鲸两周狂扫27万枚BTC $BTC
BTC0.49%
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