July 1 Bitcoin Ethereum Cycle Thoughts

Hello everyone, this is Wanqian talking about trends, focusing on mainstream currency trend analysis, continuously sharing left and right side trading models and medium to long-term, short-term wave insights. In the cryptocurrency world, profits and losses coexist, and I hope everyone can become a winner!

Bitcoin Trend and Strategy

Bitcoin has shown weak performance recently, retreating to a horizontal support level after two unsuccessful attempts to break through resistance. In the short term, the price is likely to fluctuate within the current range, and day trading can adopt a low long high short strategy. From a larger cycle perspective, the bullish trend remains unchanged; those already holding can patiently hold; for those yet to enter, if you want to buy the dip, it is advised to wait for the price to drop below 90,000 before considering. In terms of spot investment, the long-term outlook is bullish, but investors with weak holding capacity and low expected returns need to participate with caution.

Ethereum Trend and Strategy

Ethereum's trend is similar to Bitcoin's, with limited recent fluctuations. Key levels and directions have been pointed out multiple times previously. From the analysis of larger cycles above four hours, the market is biased towards bullishness, with a high probability of mainly fluctuating upwards in the future.

In the cryptocurrency world, retail investors and institutions are in fierce competition, and information asymmetry has a significant impact. I will continue to share experiences to help everyone improve their trading skills. Please note that the market is ever-changing, and the views in this article are time-sensitive; trading decisions should be based on real market conditions, and the above suggestions are for reference only. Investment risks are high, and it is essential to proceed with caution when entering the market!