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Bitcoin strategy on the evening of July 7 $BTC
I haven't reached the desired position in the afternoon, so I haven't taken any action! During the day, there was only a few hundred points of fluctuation. It dipped to support at 62820 and started to bounce back. The current range is 62820—63443. So tonight, let's do it this way!
1- Right-side trading
Long positions strategy:
Condition: Bitcoin breaks above 63443 with volume, chase long on the right side
Confirmation: Hourly level holds above 63443
Target: 63860—64450
Short positions strategy:
Condition: Bitcoin breaks below 62586 with volume
Confirmation: Hourly level breaks below 62300
Target: 61750—61100
2- Left-side trading:
Long position setup: Enter long at 61100—61600
Short position setup: Enter short at 64000—64500
3- Gamble zone
During today's daytime, a portion of the bearish move has already played out, so there is a range worth gambling on.
That is the range 62300—62800 to gamble on long positions. Why? 62330 is a strong support on the hourly level. Only if it breaks below here and fails to reclaim on a retest will the downtrend continue. Personally, I think this is worth a try! $BTC