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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Post your - 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Market Outlook for the Morning of 7.21
The recent downward trend of Bitcoin has seen significant fluctuations, with the price center showing a gradual decline. It can be said that Bitcoin is being pressured by altcoins and some other coins. At such a high level, there aren't many retail investors buying in. Previously, it was high and mighty, but now it feels a bit down and out, only able to fall back to absorb chips, but it's not enough; it has to drop below 1,100,000.
Although the concubine's price has also declined, the overall upward trend has not changed. It is not ruled out that this is a tactic by the main force to lure shorts using the momentum of Bitcoin. Of course, in the short term, it is still advisable to rebound and short. We should wait for the daily support at 3600 to be broken before confirming whether to continue looking down.
Trading suggestion: Short near 117600-118000 for Bitcoin rebound, stop loss at 118500, target around 116800-116300 area, if it breaks, look for 115200-115500 area, if it doesn't break, go long.
Concubine trading suggestion: short around 3770-3780, stop loss at 3820, target around 3725, if it breaks, look at the area around 3680-3700, if it doesn't break, go long.