🌽 July 4th Afternoon Market View.🌽
$BTC Viewpoint:
The large pancake has already been provided, as for whether it will continue to rise afterward, let’s see as we go. If it can continue to rise, eat a bit more; if it can’t and there’s a pullback, you’ve still eaten, be content and happy.
The large pancake broke through with volume at 109593, and the hourly closing price is above 109593, so chase the long position on the right side, with stop loss on the breakout.
If it breaks down at 109390 with volume and cannot recover on the rebound, chase the short position on the right side, recover with stop loss, and pay attention to volume changes; manage your stop loss well.
If it shows a false breakdown at 108452, recover with a light position to go long one more hand; set a stop loss at the low of the false breakdown or below 107807, and don’t go long if it cannot recover.
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The large pancake's hourly level is stable at 109638, looking upwards at 110351-111592; if it cannot stand above 110351, don’t look upwards.
When shorting the large pancake, be aware of a 2b false breakout appearing above 110392 to short one hand; if it breaks through and stabilizes at 111361, set a stop loss.
Conservative players wait: go long at 106355, with a stop loss below 105670.
The large pancake is safe in the bullish trend until it breaks this yellow trend line; if it breaks, that’s another story.
Additionally, the large pancake spiked upwards twice last night, but not one candlestick closed above the left side high of 110343, indicating significant selling pressure at this position. To continue rising, there must be a 4-hour candlestick closing above 110343 to continue the upward trend; otherwise, the risk of a pullback is greater than the rise.
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Upper pressure 109782-110378-111593
Lower support 108488-107777-107140
The 4-hour level breaks below 108466, looking down at 107769-106505; breaking below 108466 means the large pancake will pull back.
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$ETH Thought:
The second pancake broke through with volume at 2597, chase the long position on the right side, and recover with stop loss.
When it breaks down at 2587 with volume, chase the short position with a good stop loss.
On the pullback to 2551, confirm the support is valid and go long one hand; if it breaks below 2523, set a stop loss.
The second pancake's hourly level breaks through and stabilizes at 2602, looking upwards at 2618-2638.
Pay attention to the upper level of 2659 to short one hand; if it breaks through 2700, set a stop loss.
Left side order: go long at 2460, with a stop loss below 2424.
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Upper pressure 2601-2616-2657
Lower support 2564-2523-2500
The 4-hour level breaks below 2557, looking down at 2522-2500; if 2522 does not break, the bullish trend of the second pancake is still intact. The second pancake’s 2-hour level is in this range-bound consolidation; whenever it breaks through or breaks down the range, the second pancake will reestablish direction, meeting adjournment.