7.4 Market analysis: Can BTC recover key points, can it stand firm?

CSI100 index

As of 16:00 on July 4, 2019, Beijing time, the CSI100 index was at 1115.6 points, up 3.9% in 24 hours. Of the constituent coins, 45 rose and 55 fell. The index continued to rise as scheduled, and then fell back after encountering strong pressure, entering the stage of shock consolidation.

Note: CSI100 is the "Shanghai Composite Index" in the CSI index series. The sample consists of the top 100 tokens in terms of size and liquidity, with a market capitalization coverage of 96%, reflecting the overall trend of the token market.

BTC

Note: CSI100 is the "Shanghai Composite Index" in the CSI index series. The sample consists of the top 100 tokens in terms of size and liquidity, with a market capitalization coverage of 96%, reflecting the overall trend of the token market.

Yesterday, Bond's point of view is: the long line of defense is around 11,000, if you don't break the position, you will be bullish. Around 11450 is the point of competition between long and short. If there is an effective breakthrough, you can see around 11900, but it is difficult to break through this resistance level, and you can lighten your position around 11900. In the past 24 hours, BTC reached a minimum of 10925, a maximum of 11999, and then fell back, basically in line with expectations.

As shown in the figure above, after BTC surged and fell back, it is undergoing shock consolidation. The short-term support level is 61.8% Fibonacci retracement line (11580) and 50% Fibonacci retracement line (11450). As long as it can maintain the operation in the box above, it is expected to continue to attack the 12000 resistance level after the shock consolidation .

Trend strategy:

Trend strategy: