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Daily Strategy 7.11
Looking at the four-hour chart, after reaching 64680, the price reversed downward. The upper Bollinger band at 64448 provides significant resistance, and the upward momentum has clearly weakened, with the overall price movement under pressure.
At present, the price has broken through the middle Bollinger band, which now acts as short-term resistance instead of support. The first support level is the lower Bollinger band at 63719.
Trading strategy: Blindly buying at low levels is not recommended. Today’s overall strategy is to watch and wait for a rebound. If the price rebounds into the middle Bollinger band resistance zone, look for opportunities to buy when the price drops.
Bitcoin (BTC) is retracing to the 64800-65300 range, with targets at 63400-62900. Bitcoin (ETH) is correcting to the 1820-1860 range, with targets at 1760-1720.
$BTC $ETH