7.18 Big Pie (Cake) Trading Plan



Regulatory bill advancement and spot ETF fund inflows provide medium-to-long-term support. In the short term, derivatives expiries and the Fed’s slightly hawkish sentiment cause volatility. The drop on Friday was only long-position profit-taking, with no concentrated liquidation by shorts; strong willingness to replenish funds. Market liquidity expectations should improve in the second half of the year.

The daily chart is consolidating to build momentum. The 4-hour upward channel remains intact, with rising accompanied by increased volume and falling with reduced volume. 63,000 is the core support, while 65,000 is the short-term pressure point. Once short-term indicators have been repaired, pulling back to support becomes the low-buy window.
Suggested:

Go long 63,000-63,700, stop loss below 62,200, targets 64,200-65,000;
Short 65,500-64,700, stop loss above 66,300, targets 63,800-63,000. $BTC $IOST $QTUM
BTC-1.11%
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
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
BlueSevenCommunity
· 07-18 04:12
7.18 BTC bull case concept

Regulatory bill progress and spot ETF fund inflows provide medium- to long-term support, while near-term volatility is disturbed by derivatives expiries and a slightly hawkish Fed mood; the pullback on Friday was only long-position profit-taking, with no large-scale liquidation selloff by shorts. There is strong willingness for capital to return, and market liquidity expectations are expected to improve in the second half of the year.

The daily chart is consolidating and building energy; the 4-hour upward channel remains intact. Price rises with expansion in volume and drops with contraction; 63,000 is the core support, 65,000 is the short-term pressure point, and short-term indicators have been repaired. A pullback to support is the window to buy the dip.

Suggestions:

Buy 63,000-63,700, stop loss below 62,200, targets 64,200-65,000;
Sell short 65,500-64,700, stop loss above 66,300, targets 63,800-63,000.$BTC $IOST $QTUM
View OriginalReply0
  • Pinned