7.14 BTC bottoms and bounces back? An hourly golden cross has appeared, but there’s a hidden danger on the daily chart! ⚠️$BTC


Just after the weekend, BTC is back at another crucial decision level! Current price: 626. The 24h range is nearly 1,700 points, and the main players’ intention to shake the market is obvious. When you see the signals from both longs and shorts fighting each other—whether this bounce can actually put meat on the bones depends entirely on how you time your moves!
Long positions:
Entry range: 61,800 - 62,200 (near the 24h low and 1-hour MA60 support)
First target: 63,000, second target: 63,450
Stop loss: 61,400
Short positions:
Entry range: 63,400 - 63,600 (if the rebound reaches here, the 4-hour moving averages + prior highs will act as resistance)
Targets: 62,500 → 61,800
Stop loss: 64,000
BTC4.48%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
DustyAlpha
· 16h ago
Whenever I see this kind of analysis with specific price levels, it just overwhelms me—markets don’t follow a script. Still, the range you drew looks pretty reasonable; I’ll jot it down for now and observe.
View OriginalReply0
GateUser-ced0257a
· 17h ago
A golden cross is still a golden cross, but the daily MACD is still below the zero line. With a rebound like this, I’ll at most test it with a small position—because the main players are specifically out to wipe out those chasing longs.
View OriginalReply0
Cream-ColoredCross-ChainBridge
· 18h ago
This short-long-short structure is too familiar. Last time, I set my stop-loss at 61,800 and got wicked out. This time I’ve learned—I'll wait and consider going short near 63,400.
View OriginalReply0
AprWhisperer
· 18h ago
61,800 placed a limit order (long), stop loss at 61,350; the risk-reward ratio is still okay, but honestly with liquidity so thin over the weekend, I’m really afraid of a fake breakout
View OriginalReply0
LostAloneInTheFog
· 18h ago
Going long briefly or going short for longer means it’s ranging. Ranging means you’re in a losing market. I choose to lie down and wait—then I’ll move once the direction is clear. If I enter now, I’m just handing the main players my trading fees.
View OriginalReply0
  • Pinned