#加密立法新纪元 7.20 Weekend Market Overview: BTC Sideways Trading Strategy Remains Unchanged
BTC closed with a doji candlestick in the morning, continuing sideways in the intra-day Asian session.
Yesterday, Trump signed the U.S. "GENIUS" Act, perhaps the U.S. is really aiming to become a leader in cryptocurrency. Has the good news been fully digested, and is bad news about to begin? The big coin continues to fluctuate around 11.76-11.82, we will see if there will be a trend change after the U.S. stock market opens tonight, and whether MicroStrategy will continue to increase its BTC holdings. If so, we can expect a trend change and an upward movement tonight.
The trading strategy for the big coin remains unchanged. First, based on harmonic analysis, the bullish Saifu pattern suggests that the big coin will continue to rise; second, if the support zone of 11.76-11.82 is broken and stabilized, it presents an opportunity to enter long positions; wait for the right-side breakout and stabilization above 11.82 to enter long positions, with a stop loss at 11.68 and targets at 12 and around 12.16; conversely, if it reverses at point D, we will go short, with a stop loss at 12.24 and targets at 11.93 and 11.79.
Friends passing by, please take a moment to follow and like, it’d be the greatest support for me. Thank you! The above information is for market analysis only and is not a trading strategy; follow me to stay updated with the latest news and price analysis every day, as well as the wealth code you desire. Remember to follow and like!
BTC closed with a doji candlestick in the morning, continuing sideways in the intra-day Asian session.
Yesterday, Trump signed the U.S. "GENIUS" Act, perhaps the U.S. is really aiming to become a leader in cryptocurrency. Has the good news been fully digested, and is bad news about to begin? The big coin continues to fluctuate around 11.76-11.82, we will see if there will be a trend change after the U.S. stock market opens tonight, and whether MicroStrategy will continue to increase its BTC holdings. If so, we can expect a trend change and an upward movement tonight.
The trading strategy for the big coin remains unchanged. First, based on harmonic analysis, the bullish Saifu pattern suggests that the big coin will continue to rise; second, if the support zone of 11.76-11.82 is broken and stabilized, it presents an opportunity to enter long positions; wait for the right-side breakout and stabilization above 11.82 to enter long positions, with a stop loss at 11.68 and targets at 12 and around 12.16; conversely, if it reverses at point D, we will go short, with a stop loss at 12.24 and targets at 11.93 and 11.79.
Friends passing by, please take a moment to follow and like, it’d be the greatest support for me. Thank you! The above information is for market analysis only and is not a trading strategy; follow me to stay updated with the latest news and price analysis every day, as well as the wealth code you desire. Remember to follow and like!