BTC and ETH short-term fluctuations and consolidation, long-term bullish outlook remains unchanged
$BTC: The overall trend remains bullish, but one last drop for shakeout is still needed. Current price is 108213.0, in a consolidation range (resistance at 111828.0, support at 100190.7). Short-term trading volume has weakened, MA(7) is flattening, and the likelihood of a breakout is low. If it breaks the small peak of 110530 from July 3, it will form a guiding wedge structure, and the drop may be shallow to around 103000; if it fails to create a new high, the drop may be deeper to around 100000. If it breaks the upward trend line, the structure may change.
Buy point: 103017.8 (pullback to the top of the previous consolidation range, strong support for low buying); deep buy point: 100190.7.
Sell point: 111578.8 (close to short-term resistance, may pull back); short stop loss: 112528 (breakthrough strong resistance confirming upward movement). Waiting for the shakeout to end to lay out long positions for the medium to long term.
Advice: Conservative investors should wait and see, while aggressive ones can buy low and sell high within the range, with strict stop losses.
$ETH: The overall trend remains bullish, but one last drop for shakeout is still needed. If it breaks 2635, it will form a guiding structure, and a subsequent pullback may occur to around 2300; if it fails to create a new high, the pullback may be deeper to around 2100. Waiting for the shakeout to end to lay out long positions for the medium to long term.
$SOL: Synchronized operations
