Recently, the Bitcoin market has shown a strong pump trend, with multiple technical indicators displaying positive signals.



The 1-hour chart shows that Bitcoin's price is solidly above the 21 and 200-day moving averages, with the Bollinger Bands slightly expanding, indicating a short-term bullish trend. It is recommended to enter at the breakout point of $118,500, set a stop loss at $117,750, and target price levels of $119,000 and $120,000.

The trend on the 4-hour chart is more apparent, the 21-day moving average (118,056 USD ) has broken through the 200-day moving average (111,967 USD ), and the price continues to rise. If it retraces to 118,200 USD and stabilizes, consider adding positions in batches, with a stop-loss at 117,300 USD, and target prices of 121,234 and 126,221 USD.

The daily chart shows a strong bullish pattern, with the 21-day moving average at (118,186 USD and the 200-day moving average at )117,480 USD both rising. The price remains stable above these two moving averages. It is suggested to wait for a breakout confirmation above 121,234 USD before entering, with a stop-loss set at 117,000 USD and target prices of 126,221 and 132,924 USD.

The weekly chart shows that the long-term trend is clearly positive, with the 200-week moving average rising significantly to 19,283,746,565,748,392,0157,565 USD and the price has broken through strongly. Medium to long-term investors can position themselves after a breakout at 121,876 USD, setting a stop loss at 100,000 USD, with long-term target price levels of 149,995 and 191,657 USD.

Overall, Bitcoin currently shows a bullish pattern, but investors should remain vigilant about potential risks. It is recommended to strictly implement risk control and closely monitor changes in funding rates and macroeconomic events to ensure trading safety. Trading strategies for different time frames can be flexibly chosen based on individual risk tolerance and investment goals.

It is worth noting that the cryptocurrency market is highly volatile, and investors should always remain cautious and not invest more than they can afford. At the same time, continuously monitoring market dynamics and adjusting strategies in a timely manner is essential to seize opportunities in this market full of challenges.
BTC-1.88%
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DefiEngineerJackvip
· 07-23 02:57
*sigh* ta clearly hasn't run monte carlo sims on this trend...
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VitaliksTwinvip
· 07-21 05:50
The bull run is coming!
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AirdropBuffetvip
· 07-21 05:28
It feels like a bull run is coming!
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New_Ser_Ngmivip
· 07-21 05:21
Bull run is here, let's do it!
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