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$BTC July 13 old coin No. 2 market analysis
Looking back at yesterday’s overall bullish choppy market, the price kept running steadily around the first target near 1830. In the morning it dipped briefly to 1778 with a wick, then after briefly breaking below the hourly Bollinger Band lower轨, the buy side support was sufficient, and it directly shook up and rebounded. In the evening it surged again to 1825. Throughout the day, the plan stayed with low-long for meat.
Today’s open first pulled back to 1796. In the morning, the bulls directly pushed through the hourly upper band, rallying to 1846. It’s only a little bit away from our second target of 1850, and the target was basically achieved. Unfortunately, the bulls couldn’t hold the higher levels; after the spike they quickly fell back, and the current price is oscillating around 1800.
From the technical perspective, on the hourly chart the Bollinger Bands are still broadly opening upward, and the overall uptrend for the bulls has not been broken. The current price has briefly fallen below the Bollinger midline, but this is only short-term pullback for energy accumulation. The big direction still favors going long on dips; a pullback to support is a long opportunity.
Resistance above: 1830-1870
Support below: 1770-1700