Clear Act postponed. Instead of a pullback as the market expected, it actually pumped. Trading based on news alone really isn’t that reliable.
Bitcoin’s false breakout above 650—couldn’t hold. On the hourly chart it closed with a bearish engulfing pattern, indicating a need for a pullback.
Two failed attempts to rebound from 650. The retest and drop back to 645 support is currently holding.
If it breaks above 650, then we can attack 657–665. If it can’t break through, expect 650–645 to keep ranging.
If price falls back inside the triangle, it’s easy to break 641 and then probe lower toward 633. If 641 holds, upside is still possible.
Short-term tactics:
A high-volume close above 650 can be used to go long on the right side. A high-volume break below 645, and if the retest can’t reclaim (fails to recover), can be used to go short on the right side—remember to set a stop-loss.
A 4-hour break of 645 points to 641–633.
$BTC #美国7月非农意外下降 #美元有望创两周最佳单日表现
Bitcoin’s false breakout above 650—couldn’t hold. On the hourly chart it closed with a bearish engulfing pattern, indicating a need for a pullback.
Two failed attempts to rebound from 650. The retest and drop back to 645 support is currently holding.
If it breaks above 650, then we can attack 657–665. If it can’t break through, expect 650–645 to keep ranging.
If price falls back inside the triangle, it’s easy to break 641 and then probe lower toward 633. If 641 holds, upside is still possible.
Short-term tactics:
A high-volume close above 650 can be used to go long on the right side. A high-volume break below 645, and if the retest can’t reclaim (fails to recover), can be used to go short on the right side—remember to set a stop-loss.
A 4-hour break of 645 points to 641–633.
$BTC #美国7月非农意外下降 #美元有望创两周最佳单日表现