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Overall market trend, Lao Ai still expects a correction. The main strategy for this year is to build positions gradually.
The 4-hour trendline breakout point is at 67.
A new high is expected to be confirmed if it stays above 7.1, with a target of 78-8.
The daily chart still indicates consolidation.
Here is the trading strategy:
1. Enter the initial position with a stop loss at 7.05; re-enter around 7.1, with a defense at 72.
2. On the 4-hour chart, look for a pullback near the trendline at 67 to consider entering for a rebound; if it breaks below, consider re-evaluating at 64-63.
3. Once it stabilizes above 71, expect strength, so consider a breakout above 74, then look for a pullback or use momentum to find a new target of 78.
#btc It won't recover quickly; the reversal timeframe is around August 8-10.