Three major trends ahead for Bitcoin price

The first one is to build a daily double top, rising above 5000 but not breaking the highest point of 5180. The output is halved, and the positive news is realized in advance, repeating the trend of Litecoin halving last year, and directly falling below the current low of 3480. The second trend, with the benefit of the halving of output on July 9, broke through the previous high of 5185. Whether it can break through depends on whether the trading volume can be enlarged. At least the trading volume is more than 2 million. Breaking through the previous high will start a new round of rise. The third trend is to build a daily double top, rising above 5000 but not breaking the highest point of 5180, and then falling sharply, but will not fall below 3500, stepping back to around 3700 to build a double bottom, and fluctuating sideways for a period of time and rising sharply, breaking through the previous high of 5185. This way of rising has a solid foundation.

The big trend can be seen several months or even a year in advance, but the short-term trend is not the same. There is a saying that if you know it three days in advance, you will be rich enough to rival a country. In the short term, you can only watch and act, just like a battlefield commander who adjusts his strategy according to the current situation.

This market is a battlefield. After placing an order, you need to adjust your mentality to the same as on the battlefield, be alert to potential risks at any time, and adapt to this ever-changing market with an attitude of keeping changing at any time, rather than stubbornly thinking about the profits you want. Currently, the first support of Bitcoin is around 4300, the first pressure is around 4740, and the small pressure is around 4630. The support and pressure are also the current low and high points of Bitcoin's daily line.