Wednesday 7.22
Bitcoin is consolidating and rising. At the daily level, a short-term double-bottom has formed above, which is putting pressure on the price—whether the move is a pullback followed by a rise. Or whether it will break out directly and continue upward, we need to observe. In any case, I believe in the later period the market still needs to move toward the 70s, possibly even the 80s. Since we judge the trend as bullish, for safety it’s better to pull back and look for bullish continuation.
I think the 65,500–65,200 area is bullish. Targets can gradually move up toward the 68,000 level, and it’s also possible to see 70 or even 80—this will require a process over time #BTC☀️
Bitcoin is consolidating and rising. At the daily level, a short-term double-bottom has formed above, which is putting pressure on the price—whether the move is a pullback followed by a rise. Or whether it will break out directly and continue upward, we need to observe. In any case, I believe in the later period the market still needs to move toward the 70s, possibly even the 80s. Since we judge the trend as bullish, for safety it’s better to pull back and look for bullish continuation.
I think the 65,500–65,200 area is bullish. Targets can gradually move up toward the 68,000 level, and it’s also possible to see 70 or even 80—this will require a process over time #BTC☀️