7.24 Daily Report

Whether it's Mt. Gox or the U.S. government selling coins, the result is that after two shrinking pumps at the 4-hour level, an inevitable decline begins. We won't investigate the cause and effect relationship, but what comes next is to see how far it will fall.
Looking at the combination of the two methods, for the left side, you can look at the daily middle track, around the 63500 level. For the right side, look at the 4-hour time frame for a shrinking volume decline, currently in the process of the first volume decline. So, in principle, it won't happen too quickly.
Will it explore the bottom of 53000, it's really hard to say, there are limitations in the big cycle, even if it reaches there, whether to hold or not is a problem, just like now, bearish traders are almost dead, directly get dumped is not impossible, can only say take it step by step.
For the long strategy fren, as mentioned yesterday, you can consider changing direction or increasing the Margin Replenishment ratio and auxiliary indicator period. I won't say much about the long position, as all trading activities involve risks and probabilities, and it still depends on your own judgment.

(From TV-AiTradease)