Morning operation analysis on July 21

On the 19th, during the decline of Bitcoin, a significant support level was observed around 11641, forming a low point, and Bitcoin showed signs of stabilization near this position afterwards. In the subsequent fluctuation process, it tested this level multiple times but did not effectively break below it, making it a relatively strong short-term support level. During the fluctuation on the 21st, Bitcoin also showed certain support around 11727, and when it dropped to this level, a small bullish candlestick rebounded. Over three days, there were multiple attempts to break above 118067, but none were able to hold effectively, indicating that this moving average is an important short-term resistance level. On the 18th, Bitcoin made a strong push to 12095, which is a relatively high point, before starting to pull back. From the MACD perspective, MACD is below the zero axis, and the energy is gradually extending, indicating that the bearish forces are gradually strengthening, and momentum is continuously accumulating.

Short Selling: When Bitcoin rebounds near 118067, you can enter a short position around 118. The stop loss can be set at 1182, and the take profit around 11727-11641. If it breaks below 11727 again and the candlestick pattern shows consecutive bearish candles, you can short near 1172. Set the stop loss at 1175 and the take profit around 116413. If the price continues to decline, you can reduce your position.

Action: When the large pie drops to around 11641, a candlestick with a long lower shadow appears, you can enter a long position near 1165. Stop loss at 1163, take profit around 11727-118067.
When Bitcoin pulls back to the support level of 11727 and forms a small bullish candle for stability, you can buy near 1173 with a stop loss at 1171 and a take profit near 11806. If Bitcoin can effectively break through this resistance level, you can hold further with a target around 12095. #山寨季何时到来？#