Industry information

Market review

Market review

market analysis

market analysis

Looking at the 4-hour chart, the BOLL channel opened upwards and has now started to level off. The sharp rise the day before yesterday directly drove the BOLL channel to open upwards. The bitcoin market has reached the upper rail pressure of the 4-hour chart BOLL channel yesterday morning. Yesterday, the entire white market was consolidating in the upper-rail area of ​​BOLL; yesterday evening, a step down, the bitcoin market went directly from the pressure on the upper rail, and directly went down, so the indicator came to the support of the lower rail, and it began to consolidate at 9230 in late trading. Nearby; the lower KDJ indicator is currently running downwards with a dead fork, and with the excessive consolidation cycle, there are signs of rising upwards again to form a golden fork; the energy indicator MACD fast and slow line forms a high dead fork, and the short energy continues to be released. On the whole, in July, it is believed that Bitcoin’s short-term market will fluctuate within a narrow range, and it will continue to rebound or consolidate, depending on the recovery of indicators.

Trading straregy:

1. When Bitcoin rebounds to around 9300-9400, it is recommended to enter the market with an empty order, stop loss above 9550, and target 9150-9050;

2. Bitcoin goes down to the 9000-9100 area. It is recommended to enter the market with long orders, stop loss at 8900, and target at 9250-9350;

The strategy is for reference only, the market is changing rapidly, so enter the market and do a good job of risk control