Evening BTC strategy


MACD: The hourly chart shows an increase in bullish momentum, but the 4-hour chart has a "bear cross" signal, indicating a clear short-term divergence between bulls and bears.
RSI: Neutral zone (51-59), no overbought/oversold pressure, but momentum is weakening.
Moving Average System: The price is above the 100-hour moving average ($117,159), but is constrained by the 20-day EMA ($118,150), creating short-term resistance.
Operation Suggestions
If it holds steady at $118,700, you can take a small position to go long, targeting $120,500, with a stop loss at $117,500.
If it breaks below $117,000, go short with a target of $116,000-$114,600 and a stop loss at $118,000.
Risk Control Focus:
The U.S. PCE inflation data to be released tonight at 20:30 may trigger significant volatility, so be wary of spike trading.
Avoid high leverage and pay attention to the funding rate of BTC futures (if it turns negative, it indicates that bears are dominant).
💎 Summary: The current market is at a critical point of directional choice, with a bearish technical outlook but unchanged long-term macroeconomic benefits. Tonight is more likely to continue the oscillating downward trend (targeting $116,000), and a significant increase in volume is needed to break through $118,700. It is recommended to focus on short-term trading and set strict stop-loss levels. #BTCÐ Launchpool收益超3%#
BTC1.32%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
Ybaservip
· 07-31 09:54
Take off with strength 🚀
Reply1
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)