The world is bustling with people coming and going for money.

Looking at the daily chart, from June 27 to July 2, that is, from Monday to Saturday, there were five days of positive lines, and a negative line with shrinking volume in the middle. Even with the market continuing to be optimistic, there was a big negative line on Sunday, accompanied by a large amount of release. This makes me not so optimistic about the production cut market. It seems that there were not too many new people entering the market when the main force pulled up the market some time ago, and there was not so much capital involved. The main force continued to push up the price, but it was useless. The release of the big black candlestick can be regarded as a warning signal. From the perspective of the Bollinger Bands, it has fallen below the middle track, which can be regarded as shorts are strong and bulls are weak. Yesterday's closing was above 4500, which was a roller coaster market, and it stood above the daily Bollinger middle track again, which can be regarded as the bulls trying to seize some lost ground. The 400-point drop on Sunday basically reaped all the futures. Unless you continue to increase the margin, you will not be given a chance to exit. It is so cruel. Most of the spot traders are cutting their losses. From a technical point of view, Sunday's market should also be exited. The position has been broken. This time the bulls have been beaten without a chance to breathe. I am afraid they will need to recover slowly in the next two days.

In terms of time, it just happened to be a complete market from Monday to Sunday. Coincidentally, yesterday, Monday, was a new beginning, and the price once again occupied a position near the critical point of long and short positions at 4,500. This time the production cut market was set on 16.7.9, which means that the 9th was Saturday. Is this a coincidence or the main force's habit of following the chart? There are too many coincidences in Bitcoin.

From a technical perspective, the daily KDJ is above 50 and below 80, which is still in the bullish area, but a negative line will form a death cross, and the MACD is near the 130 moving average. Without the support of large volume and large positive lines, it is impossible to form a golden cross upwards and achieve a pull-up in the future market. Therefore, the current price is very embarrassing. On the downside, a production cut is about to come, and good news is imminent. On the upside, there is huge pressure on the top, and the trapped shares above are waiting to be untied.

Suggestion: In the awkward situation where the market can go up or down, perhaps observation is the best strategy, waiting for the market to give a clear signal. If it must give a direction, you can arrange in advance, go long with a light position, and if there is a breakthrough and large volume, you can chase the longs. If there is no volume increase, continue to observe. On the contrary, if the market weakens in the future, does not set new highs, and the highs continue to fall, then arrange short orders.

The world is bustling with people because of the money coming and going. Bitcoin is just a string of codes. This string of codes has made too many people obsessed and too many people lost, just because it is Bitcoin, from being worthless to being more expensive than gold.