Technical analysis by Jobs_lin about Symbol BTC: Buy recommendation (7/22/2024)

Looking at the daily line on the left, we can clearly see that BTC come out of the potential dual summit structure. Then it decreased to below the neckline from 4 to 5 July. But in the next few days, the matter turned into a bottom coup and the dual summit failed. Trading in these two weeks is much lower than the trading volume in the previous height, but this can lead to the price of panic and short feelings in the market. Therefore, I think this is the main strength in the market to clean the individual investors who entered the market in the last wave, and allow them to get more chips and the same time, you can see that there are a lot of purchases around 59000 and therefore, I think the next trend should be two types 1. After hacking up, the pressure returns to about 700,000 and then continues to the top (red arrow) 2. Qet near the bottom about 59,000 until the main force absorbs enough chips and then rises (the blue arrow#faces the cryptocurrency market high risk, please evaluate the operational risks carefully. This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.