Cryptocurrency Scholar: On July 30, the Bitcoin (BTC) Bollinger Bands continued to narrow, who will spark a new round of trend market? Latest market analysis and operation advice explained.

　　The current price of Bitcoin is 64400, the market has been in a fluctuating pull for a while, and neither side has managed to gain a clear advantage. Many people are always thinking about capturing a one-sided big market, but they neglect that fluctuating markets test patience the most. Frequently opening positions back and forth can easily lead to losses. Currently, the market hasn’t formed a clear direction, it is not advisable to blindly increase positions on either side. Instead of frequently chasing highs and cutting losses, it's better to establish a trading plan based on key support and resistance zones, patiently waiting for price to choose a direction. For trading to be sustainable, one must first learn to control the frequency of actions.

　　The daily K-line is stable above the EMA15 moving average but is still under pressure from the EMA30 and EMA60 moving averages. The middle line of the Bollinger Bands is around 64484, with upper resistance around 66150 and core support at 60950. The MACD indicator's red bars are gradually decreasing, and bullish momentum is slowly diminishing, placing the overall market in a high-level fluctuation pattern after a bottom rebound. There has not yet been an effective breakthrough signal at the daily level, and the sustainability of the rebound is in question. If it cannot stabilize above the 66000 mark, there is a high probability that it will again enter a downward trend. The daily analysis thus temporarily maintains the idea of a range-bound fluctuation.

　　The four-hour K-line is operating in a position entangled by several EMA moving averages, a typical oscillating structure. The Bollinger Bands channel continues to narrow, with the upper rail at 65595 forming short-term strong resistance and the lower rail at 63054 constituting support. The MACD double lines are running smoothly above the zero axis, with buying and selling momentum relatively balanced. The previous high point of 66924 is an important watershed for this rebound, while the 23.6% Fibonacci level at 63882 serves as nearby support. In the short term, the four-hour chart does not have a one-sided trend, and prices are continuously testing the fluctuating center. Short-term fluctuations will continue, and one should not anticipate a one-sided market before a breakout.

　　Short-term Reference:

　　If the price does not break below 63500 to 63000, it could move upwards with a stop loss at 62500, targeting 64500 to 65500.

　　If the price does not break above 65500 to 66000, it could move downwards with a stop loss at 67000, targeting 64500 to 63500.

　　Specific operations should be based on real-time market data. For more details and information, you can consult the author. The article may have delays in publication, and suggestions are for reference only. Risks are borne by yourself.

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