BTC dealer careful: Range formation offers opportunities, but buyers have to pay attention to dwindling spot CVD

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Bitcoin [BTC] – Analyse des aktuellen Marktzustands und mögliche Handelschancen Die Entwicklung des Bitcoin-Marktes in den letzten Wochen war geprägt von einer starken bullischen Performance, gefolgt von einer Konsolidierung. Nach einem Anstieg auf über 30.800 US-Dollar, einem starken Widerstandsbereich, zeigte sich, dass die Bullen erschöpft waren und den Bären vorübergehend das Feld überließen. Für Händler auf niedrigeren Zeitrahmen-Charts bot dieser Marktverlauf einige interessante Chancen. Ein erneuter Test der jüngsten Tiefststände könnte geduldigen Bullen eine gute Risiko-Ertrags-Chance bieten. Das Niveau von 29.700 bis 30.000 US-Dollar gilt als ein wahrscheinliches Ziel für einen Preisrückgang, da es Stop-Loss-Orders von Käufern auslösen könnte und …
Bitcoin [BTC]-Analysis of the current market condition and possible trading opportunities The development of the Bitcoin market in the past few weeks has been shaped by a strong bullish performance, followed by consolidation. After an increase to over $ 30,800, a strong resistance area, it was found that the bulls were exhausted and temporarily left the field to the bears. For dealers on lower time frame charts, this course of the market offered some interesting opportunities. A renewed test of the latest deep stalls could offer patient bulls a good risk yield chance. The level of $ 29,700 to $ 30,000 is a probable goal for a decline in price, since it could trigger stops from buyers and ... (Symbolbild/KNAT)

Bitcoin [BTC] - Analysis of the current market condition and possible trading opportunities

The development of the Bitcoin market in the past few weeks has been shaped by a strong bullish performance, followed by consolidation. After an increase to over $ 30,800, a strong resistance area, it was shown that the bulls were exhausted and temporarily left the field to the bears.

For retailers on a lower time frame charts, this course of the market offered some interesting opportunities. A renewed test of the latest deep stalls could offer patient bulls a good risk yield chance. The level of $ 29,700 to $ 30,000 is considered a probable goal for a drop in price, since it could trigger stop-loss orders from buyers and may also tempt previous bears to sell their BTC stocks. After this liquidity has been collected, an upward movement could be used.

Currently Bitcoin acts at around $ 30,400 and the relative strength index (RSI) indicates that the upward dynamics have decreased somewhat. The Chaikin Money Flow (CMF) is also declining, but remains positive and shows a significant degree of capital. The Directional Movement Index (DMI) shows that there is no strong trend, which confirms the presumption of a sideways movement.

buyers could wait for a renewed test of the area of ​​$ 29 to $ 30,000 and place their stop loss under the $ 29,200 mark to invalidate the tension idea. The goal is $ 31,500 with the maximum values ​​of the range.

On the positive side, the long -term trend of Bitcoin remains intact, which is a soothing message for long -term investors. However, short-term buyers should keep an eye on the current downward trend of the Spot-CVD, which has existed since July 3. This shows that there is still sales pressure, even while Bitcoin consolidates the psychological brand of $ 30,000.

The increase to $ 31,000 on July 10 led to a positive reaction of the open interest and showed the optimistic conviction of the speculators. Although the market was later disappointed, a strong upward dynamics in the shorter time frame could lead to more buyers ready to acquire Bitcoin.

It is important to note that this article does not represent financial or investment advice and only reflects the author's opinion. When trading cryptocurrencies, investors should carry out their own Due Diligence and carefully weigh up the risks.