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Morning Thoughts on July 24
On the 4-hour chart, the K-line floating line column appears consecutively, with the lower shadow line continuing to elongate. Combined with the failure of the bullish attack in the early morning yesterday followed by a decrease in volume, it is judged that the bulls are accumulating strength, and the overall bullish trend is clear. However, the indicators do not yet show a strong buy signal, and a significant rise may not occur until Friday.
In the 1-hour and shorter time frames, the lower shadows of the candlesticks are synchronously lengthening and continuously rising. The MACD has formed a golden cross, and the RSI and KDJ indicators are issuing strong buy signals, so a bullish outlook is indicated for the short term. After this rally ends, one could consider entering a short position, as a pullback is expected.
Pancake operation idea: pull back to around 116850-117750, looking up at 119550.
Concubine's operation strategy: pullback to around 3545-3600, looking up to 37100 #BTC# .