Technical analysis of BTC contract on July 25:
Today, the large-cycle daily level closed with a small negative line yesterday, and the K-line pattern continued to fall. Although the price is at a high level, the attached indicator is dead cross. The current big trend is falling. From the overall trend and the trend law, the pullback is not strong. Instead of breaking the high, the decline is strong and continuous. Then the trend is also slowly changing. The key support position below is 115700 area, which is the position to pay attention to today and next week; the short-cycle hourly chart currently has a continuous negative K-line pattern, the price is below the moving average, and the attached indicator is dead cross. The continuation of the intraday decline is a high probability trend, and whether the European session can continue to break the previous low is the key. The current short-term resistance position is in the 118000 area.
Today's BTC short-term contract trading strategy:
Sell at the 118000 area of the pullback, stop loss at the 1118500 area, and target the 116500 area;
Today, the large-cycle daily level closed with a small negative line yesterday, and the K-line pattern continued to fall. Although the price is at a high level, the attached indicator is dead cross. The current big trend is falling. From the overall trend and the trend law, the pullback is not strong. Instead of breaking the high, the decline is strong and continuous. Then the trend is also slowly changing. The key support position below is 115700 area, which is the position to pay attention to today and next week; the short-cycle hourly chart currently has a continuous negative K-line pattern, the price is below the moving average, and the attached indicator is dead cross. The continuation of the intraday decline is a high probability trend, and whether the European session can continue to break the previous low is the key. The current short-term resistance position is in the 118000 area.
Today's BTC short-term contract trading strategy:
Sell at the 118000 area of the pullback, stop loss at the 1118500 area, and target the 116500 area;
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Good trading signals can help you make profits in the market. I will share trading signal analysis of various products every day, hoping to help you!
t.me/+WHE58rEaywExNWVh
t.me/+WHE58rEaywExNWVh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.