BTC-----Buy around 119000, target 120000-1205000 areaTechnical analysis of BTC contract on July 28:
Today, the daily level of the large cycle closed with a small positive line yesterday, the K-line pattern continued to rise, the price was above the moving average, and the attached indicator was dead cross. The general trend of rising is still very obvious, but from the trend law, it is not a very strong trend at present. The trend of oscillating upward and range is highly likely. In this case, we must find a good rhythm for trading, keep short-term, and don’t be greedy, otherwise it is easy to have profit-taking problems; the short-term cycle hourly chart yesterday’s US market rose and then fell under pressure to correct the low position near the 118700 area. The current K-line pattern is continuous, and the price is at a high level. The attached indicator is golden cross and shrinking. In general, the trend is still strong and the retracement is relatively small. If we look at the continuation of the rise today, it is still the old rule. The retracement cannot be large and cannot break the intraday low.
Today’s BTC short-term contract trading strategy:
Trade in the 119000 area when retreating, stop loss in the 118500 area, target 120000 and break to the 120500 area;
