July 10th Bitcoin and Ethereum both break through, how should we operate moving forward?
🚩 Yesterday's News:
🟠 This morning BTC broke through $112,000, ETH broke through $2,700
🟠 Pump.fun will conduct its initial token offering on July 12
🟠 GMX official: confirmed that it was attacked, approximately $40 million in assets stolen
🟠 Strategy announced a $4.2 billion STRD preferred stock issuance plan, funds will be used for Bitcoin acquisition
🚩 Yesterday's Market:
🔶 Bitcoin: lowest point 108,400 highest point: 112,019 range 3,734 points
🔶 Ethereum: lowest point 2,593 highest point: 2,797 range 203 points
Yesterday's Summary: Bitcoin and Ethereum both broke through
🚩 Today's Market:
🔶 Ethereum: after holding the 2745 position, the 2700 position was broken again, just like Bitcoin, we need to wait for a confirmation to prevent a false breakout, wait for a pullback confirmation, if it does not fall back into the range today, continue to go long.
4-hour support level: 2,686 4-hour resistance level: 2,878
🔶 Bitcoin: Bitcoin has broken through 110,000, need to wait for it to stabilize a bit, form a daily candle, and stabilize above 110,000. Even if it stabilizes, the next target is to follow the U.S. stock market and continue to break new highs.
Daily support level: 110,000 Daily resistance level 112,000
🟠 Summary: Bitcoin and Ethereum have broken through previous strong resistance levels, once the market confirms, it can shift from a range to a trending market, the village chief still believes that Ethereum's increase will exceed that of Bitcoin.