7.4 Bitcoin Midday Analysis


62957 recent high, with the Bollinger Bands opening upward overall. The price is running in the upper half of the Bollinger Bands, indicating a strong bullish channel.
First entry: 62000-62200 (located at the middle band of the Bollinger Bands, with clear pullback signs, light position deployment)
Second entry: 61500-61600 (bearish selling pressure exhausted, bullish defense is strong)
Stop loss: 61000 (breaks below the short-term bullish watershed, bullish idea invalidated, exit immediately)
First take profit: 62800-63000 (take half profit, short-term rallies are prone to volatility, secure half of the gains first)
Second take profit: 63500-64000 (trend extension level after breaking the previous high, take full profit)$BTC
BTC1.42%
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Langlang
· 07-04 05:09
7.4 Midday Thoughts on BTC
62957 is the recent high, while the Bollinger Bands are opening upward overall, with price trading in the upper half of the bands, indicating a strong bullish channel.
First entry: 62000-62200 (at the middle band of the Bollinger Bands, clear pullback signs, light position)
Second entry: 61500-61600 (short-side selling pressure exhausted, strong bullish defense)
Stop loss: 61000 (break below short-term bullish watershed, bullish idea invalidated, exit directly)
First take profit: 62800-63000 (take half position off, short-term surge prone to consolidation, secure half profit first)
Second take profit: 63500-64000 (trend extension after breaking previous high, take full position off) $BTC
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