July 8 Li Jingyue Bitcoin Price Analysis



From the 4-hour Bollinger Bands, the price retreated after hitting the upper band, currently holds the middle band, MACD red bars continue to shrink, DIF turns down approaching DEA, bullish momentum has significantly weakened, RSI value falls back to the 53 range, upward momentum is weak.

The 15-minute cycle oscillates and narrows, short-term resistance above at 63783, support below at 63308, short-term bulls unable to push higher, bearish pressure gradually emerging.

The overall trend is in a consolidation phase after the rise. Failing to break the previous high around 64700 is a clear signal to go short. The core idea for the day is to take short positions at highs. On a rebound into the 63800-64200 range, directly set short orders, first target 62800, if broken, look down to 61000#Strategy上周减持3588枚BTC $BTC $ETH
BTC-1.28%
ETH-1.97%
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