Technical analysis of BTC contract on July 1:
Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern was a single negative line, the price was above the moving average, and the attached indicator was a golden cross with a shrinking volume. The current general trend of rising is still relatively obvious, but the price did not continue yesterday and the downward correction trend still broke the starting point, so today we need to consider the issue of continuation; the short-cycle hourly chart currently continues the trend of the early morning, the K-line pattern is a single positive line, the price is at a low level and deviates from the moving average, and the pressure position of returning to the moving average is near the 107200 area, and everyone can see that the pullback is not strong, so today we still have to look at the continuity of the decline;
Today's BTC short-term contract trading strategy:
Sell at the pullback 107200 area, stop loss at the 107700 area, the target is to first look at the 106300 area, and then look at the 105700 area;
Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern was a single negative line, the price was above the moving average, and the attached indicator was a golden cross with a shrinking volume. The current general trend of rising is still relatively obvious, but the price did not continue yesterday and the downward correction trend still broke the starting point, so today we need to consider the issue of continuation; the short-cycle hourly chart currently continues the trend of the early morning, the K-line pattern is a single positive line, the price is at a low level and deviates from the moving average, and the pressure position of returning to the moving average is near the 107200 area, and everyone can see that the pullback is not strong, so today we still have to look at the continuity of the decline;
Today's BTC short-term contract trading strategy:
Sell at the pullback 107200 area, stop loss at the 107700 area, the target is to first look at the 106300 area, and then look at the 105700 area;
Trade active
Today we sold BTC at 107200. Now the market price has reached our strategy target and even exceeded our expectations. We have made a profit. Now we will analyze the next trading signal. If you need it, please contact me!Trade closed: target reached
The goal has been reached, we will analyze the next trading signal. If you need it, please click Contact Me to get it.
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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.