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

Recently, Bitcoin has been maintaining a wide range of fluctuations, whether the price rises or falls by more than a thousand points, this oscillation trend is expected to continue for a certain period of time, and we are currently in that time period. Looking at the 4-hour chart, although the hourly chart has pulled back and shown a rebound, the price is already close to the upper resistance. If the price cannot break through the resistance area around 120,000, there is a risk of another pullback to support. Conversely, if it breaks through and stabilizes, the market is likely to open up space above.

The current trend is a wide-ranging fluctuation, with recent prices moving back and forth within a range. The short-term pattern is relatively clear, as mentioned before, this kind of movement provides good opportunities for profit. Just operate in the direction of the trend and seize the profits in a timely manner. However, be aware that in the investment market, risks and opportunities coexist, and it is essential to manage risks reasonably. In terms of operations, it is still recommended to sell high and buy low.

7.25 Bitcoin short-term reference:

Lower trial warehouse point 119900 -121000, defend 122500 supplement, stop loss: 500 target below 119000,

Long test position at 117500-116500, stop loss 500, support at 114500 for addition, target above 118500.

There is a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate your market judgment is, you must always set stop-loss and take-profit levels to secure your gains.