‼️August 1st ‼️

#BTC Market Analysis Major Trend - Monthly Chart

Monthly line: Last night the BTC monthly line has closed, and I have been warning about risks for a long time. The major resistance level on the monthly line is blocked, and the larger the cycle, the higher the stability. From the indicators on the monthly line, there is no sign of a trend changing from bullish to bearish. The upper shadow is also not long enough to indicate risk. This week, we are still waiting for the resonance between the weekly and monthly lines, and we need to observe changes from the smaller cycles.

Weekly: The pressure zone of the monthly line has given four weeks without being able to break through, and there is a candlestick pattern indicating a peak at a high position. There are still three trading days left to close this week's weekly line, and the next three trading days are crucial. The core position of the weekly line at 107735 must not be broken this week or next week. If this happens, all long positions in BTC will exit, and even small positions will not be kept. The trend will shift from long to short, and there will be a continuous oscillation downwards for a year.

Note: Control the position of long orders with small positions to gamble, small losses must not become large losses, and stop-loss in a timely manner.