Yunshu 7.23 Second-Bing Morning Analysis



After the 4-hour timeframe pushed to a high, trading volume declined and the Bollinger Bands tightened slightly. With the market lacking incremental capital, attempts to break upward through the prior high are likely to face pressure and pull back. The risk of chasing after a rally at high levels is extremely high.

Overall approach: avoid chasing. Go long on pullbacks and at support.

Trading plan
Enter long positions when 1880–1900 stabilizes. First target: 1950, second target: 1980
$BTC
BTC-0.64%
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
BlobDataMan
· 3h ago
In the short term, it really does need to avoid chasing after price increases; it’s more prudent to consider opening a long position when there’s a pullback to around 1,880.
View OriginalReply0
  • Pinned