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📅 July 3, 7:00 – July 9,
This week has generally been about a bullish outlook, with a couple of short positions taken in the opposite direction occasionally. Overall, the approach has been validated, and I won't emphasize each point here; you can refer to my previous posts and compare them with the candlestick charts to take a good look.
This week's market trends have been pretty much grasped, especially when it was close to breaking the 100,000 mark. At that time, everyone was bearish and said it would break 100,000, but I was firmly bullish and directly captured more than 2,000 points in a rebound.
The trading strategy for next week still focuses on shorting. Bitcoin dropped to around 100,400 points, almost breaking the 100,000 mark. At that time, everyone was probably feeling sleepy as a waterfall decline was imminent, but then it started to rebound, currently reaching around 105,800 points. Moreover, the market movements over the weekend were characterized by a slow decline followed by a sharp rise, leaving people completely dazed.
The medium to long-term perspective is that Bitcoin will definitely come below 100,000, but everyone must pay attention to the breakthrough of the resistance level above. The resistance levels above are at 107,000-108,000-108,500. However, as long as it can break the previous low below, it will definitely break 100,000. But everyone must pay attention, the 100,000 point is still very critical, and it is not so easy to break through directly. So we need a bit of patience for Bitcoin to break through.
From the 1-hour K-line of Bitcoin, the rebound has reached just below the upper band of the Bollinger Bands, and attempts to break through have been unsuccessful multiple times. The pressure above is still relatively high, but it seems that it won't be coming down anytime soon. After all, there are many short positions trapped below. There will definitely be a pull-up to squeeze out the shorts before it starts to decline.
The Air Force don't need to rush, just stay steady.