7/21 Strategy Thoughts:



On the BTC daily chart, a high-volume big bullish candle appeared yesterday, showing strong bullish strength and breaking through the short-term consolidation range.

Today it closed with a low-volume small bullish candle, indicating that the upward momentum has weakened. Market participants are in a wait-and-see mood, and the short term is facing a correction.

In the short term, the EMA7 and EMA30 moving averages form a golden cross and diverge upward. The price has held above the short-term moving averages, suggesting a short-term upward trend. However, the price is still far below the long-term EMA120, so the long-term trend remains bearish.

Trading Suggestions:

Big cake: 65700-65500 move down, target 64300-63200

Second cake: 1920-1900 move down, target 1850-1800
BTC2.14%
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