First, review the article of yesterday's master that pre- short in the range of 69000-69400, and the market rose to 69381 at 10 pm. Then it fell to 66624. The first target of the long order in the article, 68200, and the second target, 67400, were both accurately reached, and the pre-buried short order won 2000 points of profit.
Hot topics of Master Chat:
Yesterday, Trump announced that if he is elected, the United States will retain all Bitcoin currently held and acquired in the future, which will serve as the core of the strategic national Bitcoin reserve.
This means that the US government will not sell the bitcoins it holds, but will include them in its national reserves. This may become the next important narrative after the Bitcoin spot ETF.
At the same time, he also stated that he would become the president of the United States who most supports innovation and Bitcoin, and that the United States would become the global cryptocurrency capital and the world's Bitcoin superpower.
This will also promote cooperation between banks and cryptocurrencies, and more banks may provide cryptocurrency-related services.
Overall, these policies and measures indicate that the Trump administration has a positive attitude toward cryptocurrencies, which may bring more opportunities and less regulation.
After the Bitcoin spot ETF, the inclusion of Bitcoin in the national strategic reserves will become a new narrative in the market.
Master looks at the trend:
BTC 1 hour:
Currently, there is a lot of volatility due to Trump’s remarks at the 2024 Bitcoin Conference, but the upward trend brought about by the good news still exists, so the upward view can be maintained.
The current chart analysis has not changed much compared to the day before.
Despite the increased volatility, it is still moving within the support and resistance range marked by the market strategist yesterday.
If you have understood yesterday's support and resistance, then the current situation is easy to understand.
Resistance level reference:
First resistance level : 68200
Second resistance level : 69000
If the price breaks through and retests the first resistance level today and succeeds at 68K support, I will continue to maintain the rebound view.
The stability of 68K also means breaking through the first resistance level, so a bullish approach can be adopted.
Support level reference:
First support level : 66400
Second support level : 65700
First, in the area where the first support level and the 60-day moving average overlap, the K-line formed a lower shadow here and formed a rebound.
If the low moves up, then I expect it to close above the first support, and please pay attention to the upward trend of the 60-day moving average.
Today's trading suggestions:
In today's trading, within the range of greater volatility, position management is required in the range of sharp decline or sharp rise.
First of all, consider risk management and maintain a bullish view.
The current K-line chart shows the shadow shape formed after a sharp rise and fall. So when the market is rising or falling sharply, try not to chase the rise or fall.
7.28 Master's short-term pre-buried order:
Long entry reference: 66000-66400 range, long in batches, 500 points of defense, 67400-68200
Short entry reference: 69000-69400 range short in short defense 500 points target 68200-68400
The content of this article is exclusively planned and released by Master Chen (public account: Master Chen, the God of Coins). If you need to know more about real-time investment strategies, unwinding, spot contract trading methods, operating skills, and K-line knowledge, you can add Master Chen to learn and communicate. I hope it can help you find what you want in the crypto. Focusing on BTC, ETH and Altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily updates of macro analysis articles, technical indicator analysis of mainstream coins and Altcoin, and spot mid- and long-term review price forecast videos.
Warm reminder: Only the column public account (pictured above) in this article is written by Master Chen. The other advertisements at the end of the article and in the comment area have nothing to do with the author himself! ! Please carefully distinguish the true from the false. Thank you for reading.
