7.28 crypto world Mr. Coin: Bitcoin (BTC ) market analysis reference

Bitcoin saw a slight consolidation yesterday and broke through resistance to move towards the 119,000 level, with overall bullish sentiment beginning to warm up. Currently, there are two consecutive daily candles in the green, indicating an upward trend, but the upper space has not been opened yet. The focus moving forward should be on the 120,000 resistance level, and it is not advisable to blindly go long before a breakthrough and stabilization.

　　

On the short-term hourly chart, the current movement is in a retracement rhythm, with the market pulling back from a high while maintaining high-level consolidation. It is currently operating near the 199000 position, and the short-term Bollinger Bands are beginning to converge. The focus going forward should be on the support position of the middle axis line, which may provide an opportunity for long positions to enter. If the subsequent movement can break through the 120000 resistance line, the expected increase will continue, allowing for short-term longs to be captured, with a take profit target of around 300-800 points.

7.28 Bitcoin short-term reference:

Short position above point 12, defend 122800, stop loss: 500, target below 118500.

Long position below the test warehouse point of 117500, stop loss at 500, protect with a supplement at 115500, target above 118500.

There is a delay in sending the article, and the strategy suggestions are for reference only. Market conditions change rapidly. No matter how accurate your market judgment is, always set your take profit and stop loss. Secure your profits.