🍆 July 3rd Afternoon Market Opinion. 🍆
$BTC Opinion:
I would like to thank the short sellers here; if it weren't for your relentless accumulation of short positions, Bitcoin would not have broken through the key resistance level of 109000. Thank you, bears, 3Q.
Bitcoin broke through 108970 with volume, and the hourly closing price is above 108970, continue to go long on the right side, stop loss on breakdown.
108496 broke down with volume, unable to recover on the rebound, go short on the right side, stop loss on recovery. Pay attention to changes in volume and maintain a proper stop loss.
At 107788, a false breakdown occurred; recover with a light long position. If it breaks below 107147, stop loss, if it cannot recover, do not go long.
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Bitcoin has stabilized above 109089 on the hourly level; continue to look up at 109830-110370. I hope Bitcoin can break through 110,000 this time.
For shorting Bitcoin, be cautious of a false breakout at 109886 and short one position. If it breaks and stays above 110700, you must stop loss.
Conservative players wait: Long at 106338, stop loss if it breaks below 105610.
Bitcoin has formed a bullish engulfing pattern on the daily chart; do you still want to guess the top and short? Although there may be pullbacks in between, can you really grasp it well? Moreover, the MACD fast and slow lines on the daily chart have returned above the zero axis, indicating that the bulls are in control of the market. You should focus on buying on dips, not on guessing tops and shorting.
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Upper resistance: 109074-109804-110383
Lower support: 107825-107164-106338
On the 4-hour level, if it breaks below 108103, look down at 107122-106346. If it retraces and does not break below 107122, it is still within the bullish control range.
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$ETH Thought Process:
For the second Bitcoin, break through 2570 with volume; go long on the right side, stop loss on recovery.
If it breaks down at 2563 with volume, short on the right side to catch the pullback, maintain a stop loss.
On a pullback to 2522, confirm effective support with one more long position; stop loss if it breaks below 2500.
The second Bitcoin can stabilize above 2586 and look up at 2617-2660.
Be cautious at 2630 for a short position; stop loss if it breaks above 2660.
Left side orders: Long at 2465, stop loss if it breaks below 2429.
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Upper resistance: 2586-2617-2657
Lower support: 2520-2500-2461
On the 4-hour level, if it breaks below 2525, look down at 2481-2434.
The 4-hour triangle convergence that has suppressed the second Bitcoin for a long time has been broken; if it does not retrace back into the triangle convergence pattern, an upward trend is the only way for the second Bitcoin. Be cautious about shorting without breaking key support; end of meeting.