- Comprar cripto
- Mercados
- Futuros
- Spot
- Copy trading
WE-Launch
10x Research: Bitcoin to Provide Better Risk-Reward Entry Point if Pullback Reaches May High Support
BlockBeats News, July 28th, 10x Research Director Markus Thielen stated that for traders looking to join Bitcoin's upward trend, waiting for Bitcoin to retrace to the May high support level near $111,673 will provide a better risk-reward entry point.
In a report to clients, Thielen pointed out, "We would like to see Bitcoin retest its breakout level at $111,673 to provide a more favorable risk/reward entry point." He explained that the market often retests breakout points before a major bull run, so the possibility of a retracement to this level cannot be ruled out. Thielen further added that if a meaningful pullback does not occur, the optimal entry point would be above the $120,000 breakout, marking the breakout of the downtrend line from the July 14th and 23rd highs.
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
The probability of a 25 basis point interest rate cut by the Federal Reserve in December has risen to 82.9%.
BlackRock received 953 BTC and 15,722 ETH from Coinbase Prime
The U.S. initial jobless claims unexpectedly decreased, and there is a divergence in the Federal Reserve's December rate cut decision.
In the past 24 hours, there has been a total of $226 million in liquidations across the entire network, resulting in a long and short squeeze.
Vitalik: Ethereum Gas Limit Expected to Keep Increasing Next Year
Atención al cliente：@weikecs
Cooperación empresarial：@weikecs
Trading cuantitativo y MM：[email protected]
Programa VIP：[email protected]
App