Technical analysis of BTC contract on July 22:
Today, the large-cycle daily level closed with a small positive cross yesterday, and the price was below the moving average. The attached indicator was dead cross. The general trend is currently biased towards a downward trend. From the overall trend, we can see that the current trend is consistent and strong, but there is no room for rebound, and the continuous sluggish trend is also quite obvious, so the idea of selling down in the future market has become the main idea; the short-cycle hourly chart showed that the US market fell and rebounded yesterday, and the pressure continued to fall and broke down in the morning, and the correction high was near the 118000 area. The current K-line pattern is a single positive line. According to the trend rule, if the decline continues today, the rebound strength cannot be large, and the high point of the US market correction is resistance.
Today's BTC short-term contract trading strategy:
Sell at the current price of 118100, stop loss at 118500, and target 116500;
Today, the large-cycle daily level closed with a small positive cross yesterday, and the price was below the moving average. The attached indicator was dead cross. The general trend is currently biased towards a downward trend. From the overall trend, we can see that the current trend is consistent and strong, but there is no room for rebound, and the continuous sluggish trend is also quite obvious, so the idea of selling down in the future market has become the main idea; the short-cycle hourly chart showed that the US market fell and rebounded yesterday, and the pressure continued to fall and broke down in the morning, and the correction high was near the 118000 area. The current K-line pattern is a single positive line. According to the trend rule, if the decline continues today, the rebound strength cannot be large, and the high point of the US market correction is resistance.
Today's BTC short-term contract trading strategy:
Sell at the current price of 118100, stop loss at 118500, and target 116500;
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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.