7/20 BTC disk analysis: BTC trend is suppressed, and it is impossible to escape the shackles of sideways in a short time! Market or brewing a huge storm?

As of the time of publication, the BTC price is around 30150. The broader market experienced a night's time and is still in a range-bound shock. The buying power has retreated to around 29800-30000, and the current market sentiment is sluggish. But the buying sentiment around 30,000 is still strong

In terms of news, the ETF review has brought positive sentiment, but Nasdaq’s suspension of digital currency custody business and the thunderstorm of an SEC-certified trust institution may indirectly affect the SEC’s regulatory attitude towards the encryption market. At present, the market is mostly in a wait-and-see mood, ETF review may face difficulties, and trading enthusiasm may also be wiped out.

Macroeconomically, the anxious state of the global economy makes investors prefer the gold market. Compared with this, the encryption market is more affected. Trading is sluggish, giant whales move frequently, and the market is calm or a bigger storm is brewing.

For the current market environment, no matter whether it is up or down, it is what traders look forward to, hoping to break this uncomfortable calm. Personal pessimism believes that this kind of shock and grinding emotions may continue until around the 27th of the end of the month. Yesterday's rebound effect failed, but today it breaks through yesterday's small previous high, and it is expected to rebound to the target point

Trend direction: The sentiment is bearish this week, and the buying at the bottom leads to a quick rebound, but the bears still have the upper hand.

Trading strategy: hang short at high points, pay attention to the narrowing of the shock range. The pending order point remains unchanged for the time being, open a small position, and be prepared to cover the position. The short-term trend enlarges the take-profit space, and the profit space of the band operation is set between 200-300, which is adjusted according to individual circumstances. Points have been announced, pay attention to check!

In terms of spot goods: it is recommended not to enter the warehouse for the time being, and make a decision around the end of the month. The ARKM project recommends returning to around 0.5 before choosing to open a position. The positive news from the MULTI project is only emotional hype, and it is recommended to treat it with caution.

Investment is risky, you need to be cautious when entering the circle