Good afternoon, brothers. A new month has begun, and the fresh July has opened its curtain. Whether you lost or made money in the first half of the year is no longer important, as it has passed. However, the second half must be taken seriously. If you haven't made money in the second half, then the benefits of this bull market have little to do with you.
Do not fantasize that there will be several rate cuts in the second half of the year that will lead to a significant rise. Prices will indeed rise, but we all know how Bitcoin will fall as rate cuts approach. Can you afford to buy at this price? Also, do not fantasize about an altcoin season. Last year and this year, KOLs have continued to shout about altcoin seasons, but it has not affected the price of coins decreasing. If rate cuts happen in the second half of this year, then the first and second quarters of next year will likely turn from bull to bear, unless there are further rate cuts next year!
The monthly line has already closed. The peak from last month did not break the previous high, which means that 1119 is the peak of the second wave of the monthly level (the peak of the first wave is 11). Currently, both the weekly and monthly levels of Bitcoin are at the top range, so it's better to bet on a downward movement rather than betting it will break the previous high. Just like on the 1st of last month when the price was at 105, I mentioned that buying at around 993 could be a good entry point. It fell to a low of 990, and I encouraged everyone to hold faith. Now it has returned to 107, but unfortunately, many people's accounts are still losing or missing out!
The support level at the weekly level was analyzed yesterday. The support levels at the monthly level this month are still 99-94, where you can gradually accumulate spot or contract positions. Just wait for the monthly level points; if it drops and you can catch it, that will be a significant gain, but if you can't, then there's nothing you can do!
Yesterday's weekly levels and today's monthly levels have been given, just wait. Those who can't control their hands can trade according to my intraday levels. Don't focus on small patterns for intraday short-term trades; observe the larger levels for your decisions on small upward or downward movements!
Today's market analysis:
$BTC Bitcoin did not rise last night but fell instead. Today, pay attention to the rebound at 107700. Only if it stabilizes above this level will the 4-hour level correction be considered over, and the market can continue to rise. The upper resistance levels to watch are around 108780-109700-110670!
If today's rebound does not go above 107700, it indicates that the small-level rebound lacks strength, and the downward support to watch is around 106320-104580-103190!
$ETH Ethereum snuck up at night, once again rushing to the previous high of 2523 from yesterday morning before coming down. I mentioned in last night's live stream that there was still an opportunity for short positions at 2520, and entering would have been profitable.
Today, pay attention to the level of 2470. As long as it does not break below this level, the 4-hour level is still bullish. A small-level pullback can still rise. The upper resistance levels to watch are around 2500-2523-2545!
If today's 4-hour level breaks below 2470, then the 4-hour level will start to correct, and watch for continued downward support around 2435-2406-2378!
$BNB BNB just hit the second resistance level at night and then started to correct. Today, pay attention to the level of 654. As long as it does not break below this level, the 4-hour level is still bullish. A small-level pullback can still rise. The upper resistance levels to watch are around 659.6-663.2-666.8!
If today's 4-hour level breaks below 654, then the 4-hour level will start to correct, and watch for continued downward support around 651.2-646.5-641.8!
SOL broke through the second resistance level at night and then started to correct. Today, pay attention to the level of 153. As long as it does not break below this level, the 4-hour level is still bullish. A small-level pullback can still rise. The upper resistance levels to watch are around 158-161-165!
If today's 4-hour level breaks below 153, then the 4-hour level will start to correct, and watch for continued downward support around 149-146-143!
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