Bitcoin market analysis on July 7: Does the rapid outbreak of bulls herald the market recovery?
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Currency holders [BTC/USDT market review] An article just written yesterday by currency holders needs to pay attention to the suppression position. After that, Bitcoin immediately broke through, and the price of the currency rose along with the trend. I don’t know if there are any friends who keep up with the car. Market review, the opening price of Bitcoin was 9028 US dollars yesterday, and the market price rose slowly from early morning to noon. At around 13 o'clock yesterday, the Bollinger Bands began to open, breaking through the suppressed position, and the currency price began to rise rapidly to the 9224 line. After that, the currency price generally increased and the closing price was at the 9307 US dollar line.Currency holders [BTC/USDT Market Analysis] Judging from the daily chart, the bulls in the Bitcoin market counterattacked rapidly yesterday, breaking through the suppression of the moving average and the middle track. The difference between the lowest and the highest is more than 400 points. At present, it can be seen on the daily chart that the MA5 daily moving average and the MA10 daily moving average have been glued together, and the currency price is currently suppressed by the MA30 moving average. In the KDJ, the three lines run in parallel, in the MACD indicator, the short position changes to the long position, and the fast and slow lines are in a bonded state below the 0 axis.
Currency holders [BTC/USDT operating suggestions] If the price breaks and stabilizes at 9350, you can take advantage of the trend to buy more, and the target is 9500-9600. The price steps back near the 9150-9200 position to cover more positions and enter the market, stop loss at 9120, and take profit at 9350.
(The market changes in real time, and there is a delay in the review of the post. The content of the article is for reference only and should not be used as a basis for making orders)
