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BTC rose as expected, with a temporary short-term pullback.
Daily chart showing 6 consecutive bullish candles. Can it continue today?
BTC rose to around 647 early this morning and then started to pull back. According to our expectation, it exited completely at 644. As early as two days ago when the daily chart showed 3 consecutive bullish candles, I said that if it operates above 622, then it will continue to move strongly upward. In the evening, we went long at the current price around 618 targeting 644. Yesterday, before the market opened, the short-lived bearish correction due to BTC selling did not bring a trend reversal. (As shown in yesterday's chart, the pressure at 64780 started the pullback.)
From a short-term and larger timeframe perspective, this round of upward momentum has just started. July will be a good month for an uptrend, but the rise will not be straight up; the process will be bumpy. After all, the geopolitical situation is unclear, the market's expectations for a Fed rate hike are strong, and the USD continues to strengthen. Let's just take it step by step.
BTC operation suggestion: go long at 62500-6285 stop loss 900 points target 636, if broken see 643-649#Strategy上周减持3588枚BTC $BTC