☎️July 7th Afternoon Market Insights.☎️
$BTC Insights:
Bitcoin's volume breaks 109043, with the hourly closing price above 109043, pursue long positions on the right side, and set stop-loss on a break.
If it breaks down 108631 with volume and fails to recover, pursue short positions on the right side, set stop-loss if it recovers, and pay attention to changes in volume, set stop-loss carefully.
If it shows a false breakdown at 108210 and recovers, take a light long position, set stop-loss at the false breakdown low or below 107229, if it doesn't recover, don't go long.
☎️
If Bitcoin's hourly level breaks and stands above 109103, look upwards to 109709-110370; if it stands firmly at 109103, Bitcoin will take off.
When shorting Bitcoin, be cautious of a 2B false breakout at 110370, and if it breaks and stands at 112000, must set stop-loss.
Conservative players wait: long at 106355, set stop-loss below 105670.
If Bitcoin's hourly level is to form a head and shoulders pattern, the first target position for the right shoulder's pullback would be around the head's rising position at 105000.
Fortunately, this is only a potential head and shoulders pattern at the hourly level; if this pattern occurs at the 4-hour or daily level, the consequences could be dire. To break the head and shoulders pattern, Bitcoin must break above 110500 to invalidate the head of the pattern, and the potential danger will be eliminated.
☎️
Upper resistance: 109746-110378-111593
Lower support: 109071-108219-107224
At the 4-hour level, if it breaks below 108226, look down to 107259-106332.
☎️☎️☎️☎️☎️☎️☎️☎️☎️☎️
$ETH Thoughts:
Ethereum's volume breaks 2583, pursue long positions on the right side, and set stop-loss on recovery.
If it breaks down 2552 with volume, pursue short positions on the right side, set stop-loss carefully.
On a pullback to 2521, confirm support is valid and take an additional long position, set stop-loss below 2497.
Ethereum's hourly level breaks and stands above 2601, continue to look upwards to 2657-2686; if it can't go above 2601, it's ineffective.
Watch for short positions at 2636, set stop-loss if it breaks 2671.
Left side orders: long at 2487, set stop-loss below 2454.
☎️
Upper resistance: 2601-2636-2679
Lower support: 2523-2500-2472
At the 4-hour level, if it breaks below 2521, look down to 2500-2463.
Ethereum's hourly level wedge had a false breakdown yesterday and recovered, breaking above the neckline marked in the chart at 2521, returning to operate inside the wedge; the downtrend risk for Ethereum has been eliminated. Watch if Ethereum can break the upper boundary of the wedge; if it does, the upward space for Ethereum will be opened up, and the meeting will adjourn.
