7/3 btc/eth
With two large bullish candlesticks on the daily chart, the market has shifted from cloudy to clear, and the script for buying the dip has played out over the past two days.
BTC is currently under pressure from a major downward trend and the resistance at the upper range, which is between 109500 and 101100. ETH has completely recovered its previous losses and returned to a major range of consolidation for nearly two months, between 2400 and 2725. Overall, bulls are stronger at this stage, but have all reached near high-point resistance levels.
Today's viewpoint: The bullish strategy for BTC requires entering on the right side; if it breaks above 110,000 and retraces without breaking 109500, it can be a buy for new highs; otherwise, do not consider going long at the current price. Bears can plan around the major downward trend line in the range of 109500-110500; if it breaks the upper range, exit.
ETH can go long on the right side if it breaks 2660 and retraces without breaking 2650; if it doesn't break, then short around the smaller high point pressure range of 2660-2650.
Want to double your account, want to enjoy big gains, want to successfully recover your investment? Stay close to Seng Ge and position yourself ahead of the main bullish wave of the market!
