Bitcoin Consolidates for Next Move, HYPE Restarts Bearish Trend | Guest Analysis
Bitcoin fluctuates around the key resistance zone of $65,700-$67,300 after rebounding from the $57,820 low. A break above this area could shift the short-term structure to a stronger bullish logic; otherwise, a daily-level correction may resume. The medium-term outlook remains bearish, with a 20% short position held. Short-term trading involves 30% capital for price differential opportunities, with prepared plans (A: shorting near resistance; B: testing long near $57,820 support) based on model signals. A previous short-term long trade yielded a 3.45% profit.
HYPE continues its correction from the $72.97 high, with focus on the $62-$63.5 resistance area. The 4-hour chart analysis suggests the downtrend is not over, and new lows below $58.16 are likely. The strategy is to consider light short positions (under 30% allocation) if price rallies to the $62-$63.5 zone and shows reversal signals, with strict stop-loss discipline.
General reminder: Always set initial stop-losses, move them to breakeven at +1% profit, and trail them to lock in gains. Market conditions change rapidly; this analysis is for personal trading log purposes only and not investment advice.
Odaily星球日报07/20 12:58
