Contract trading is nothing more than two directions, and the first consideration for long and short entry decisions is the overall direction. Following the major trend and taking a counter-directional approach will never go wrong! There are several points to the trading mechanism: do not operate frequently; do not hold positions in two different currencies in the same direction at the same time; the initial position should not exceed 5%, leaving 1-2 times for replenishment; replenishment should not be too close, and replenishing at support and resistance levels will never go wrong. Stop loss is a must for the second break; learn to wait for opportunities, only those who are patient can find the most suitable entry points, it's better to miss out than to make mistakes; after exiting, learn to review, identify the problems and strengths of the trades; make good use of distributed positions, reduce positions, replenish and take profit; review technical indicators on the market, look for signals of rebound and retracement; continue to improve, maintain good trading habits, guard against arrogance and impetuosity, and only then can one continue to profit in the industry in the long term! Li Hui will continue to uphold professional knowledge, meticulous analysis, unique position-building techniques, and a calm spirit to assist every coin trader in successfully gaining valuable wealth and continuously realizing their own value in the coin circle! May everyone achieve financial freedom in 2024! Keep it up!
Bitcoin market analysis and operational suggestions on July 3:
On the 1-hour chart, the Bollinger Bands channel is opening downwards, and the candlesticks are falling back after hitting the EMA200 and EMA80 convergence pressure position again. The current coin price is below EMA120 and EMA150, and the pressure range is also between 62200-62400; in the MACD, DIF and DEA failed to converge at a low level and then widened the gap again; the short-term bearish trend still exists.
On the 4-hour chart, the Bollinger Bands channel continues to open downwards, and the coin price also retraced after hitting the EMA120 for the second time yesterday. The highest position of the candlesticks last night was just at the pressure position of the EMA30, EMA60, and EMA convergence on the 4-hour chart; the KDJ three lines continue to diverge downwards; the MACD successfully formed a volume below the 0 axis, and DIF and DEA also formed a death cross at a high level; the main short strategy for the day remains unchanged!
On the daily chart, the Bollinger Bands are closing upwards, and attention can be paid to the upper EMA120 and EMA15 convergence pressure, while considering the support situation of EMA150 at the bottom, and whether the golden cross of DIF and DEA can be formed.
In summary, the market for Bitcoin may still fluctuate within a range during the day, and the strategy for operation can be to short first and then go long;
It is recommended to be cautious and short 3% in the 62000-62300 range, reserve 6% for replenishment in the 63000-63300 range, stop loss at 63500, and take profit at 61500-61100; if the position breaks at 61000-60600, it can be held; the long position also needs to pay attention to this range, and consider the entry opportunity based on real-time market data changes, as there is a high risk in going long, please handle with caution!
There may be delays in article review, and the market is ever-changing, so set your stop loss and take profit, and take profits when you see them! For more real-time signals, you can follow the public account under my name to obtain them, and you can also learn about real-time market technical analysis, and how to get out of a predicament!
I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who do not know how to operate, you are welcome to comment and leave a message!
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This article is exclusively published by (WeChat public account: Zhang Lihui), and does not represent any official position. The release and review of the article have a time delay, and the above positions are for reference only, and the risk is at your own discretion! May we always carry humility and courage in this complex and complicated coin circle, fear no challenges, and dare to explore. Just as the road is long, "the road is long and far-reaching, I will seek and explore from top to bottom." May we read thousands of books, keep pace with the times, and draw wisdom from the fountain of wisdom. Travel thousands of miles, experience wind and rain, witness the scenery, and understand life. May you, under the guidance of Li Hui, listen attentively, play to your strengths, and create value together. May we always remember the baptism of the market, not forget our original intentions, and thus achieve lasting success. In the wave of digital currency, holding firm to faith, forging ahead with determination, may we create a brilliant future together. Let us gather in the turbulent world of digital currency, make the most of our time, and create brilliance together. Li Hui is willing to embark on this challenging and opportunistic investment journey with you.
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