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$BTC Crypto Academician: Bitcoin (BTC) keeps bouncing around on 7.19—who’s secretly accumulating? Who’s fleeing like crazy?? Latest market update analysis and trading suggestions
Currently, Bitcoin is at 64,300, and it’s again time for the familiar situation of “can’t go up, can’t go down.” Every time it chops around, someone shouts that the bull market has started and the top is in—so what happened? It’s just north and south slapping each other in the face. Don’t listen to others saying “go all-in.” If they lose money, they don’t have you to back them up; if you get liquidated, no one will carry the bag for you. Control your own hands—don’t keep flipping trades back and forth in the range. When fees and losses outweigh profits, it really isn’t worth it. Last year at 120k, many friends asked me if they could bottom-fish. I said then: after a crash to half, that was my plan. I crashed my position down to 60k—no idea how many people can actually hold through this round.
The daily K-line is still oscillating between EMA30 and EMA60, which is a “repair” phase after a decline. The MACD red histogram continues, with DIF and DEA forming a golden cross and turning upward. Northbound momentum has warmed up somewhat, but it hasn’t broken through the suppression of the Bollinger middle band at 62,909. The key resistance overhead is at the 78.6% Fibonacci level 72,620. The support below is at the 100% retracement level 58,030. Overall, it still hasn’t escaped the broader bearish oscillation trend.
The 4-hour K-line is running tightly along the EMA15. EMA30 and EMA60 form a golden cross, and the short-term moving averages are stacked upward. The MACD red histogram shrank, and DIF shows signs of turning downward. Northbound momentum has weakened a bit. The Bollinger Bands are tightening, and price is moving between the middle band and the upper band. The support at the 23.6% Fibonacci level 63,882 has been broken. The next resistance is at the 38.2% Fibonacci level 67,503. During the short-term oscillating upward rhythm, be alert to the risk of a pullback.
Short-term reference:
As long as it does not break above 63,100 to 62,700 from below, go long; stop loss at 62,200; targets at 64,500 to 65,500
As long as it does not break below 65,500 to 66,000 from above, go short; stop loss at 66,500; targets at 64,500 to 64,000
Specific execution should rely on real-time order book data. For more information, you can contact the author. The article has a publication delay; suggestions are for reference only—risk is yours to bear #GateDEX全面接入RobinhoodChain #GateDEX全面接入RobinhoodChain