加密菲姐
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Bullish
Daily Market Analysis in the Crypto World (7.12)
Summary:
$BTC First, let's talk about the big picture. The daily line has closed completely above 11.2. The bullish structure on the daily line continues to rise. The movement from 9.81 marks the last segment of this bull market, while the segment from 10.74 to 11.88 represents a 4-hour breakout. Both volume and price are rising, and the momentum has not reversed, indicating that the price has not finished rising. As long as the price maintains above 11.2, it will continue to rise, targeting 13.25-13.5. With every rise, there comes a fall. For those wanting to short, try it on the right side each time, with stop-loss at previous highs. Currently, as long as the price stays above 11.2, the main strategy should be to go long on pullbacks. Shorts can wait for a top formation before entering. It is quite likely that a bullish continuation will be built in the 4-hour timeframe here. Once the continuation is complete, further 4-hour breakouts will follow. The support levels for the continuation are 11.4, 11.3, and 11.2. The closer we get to these levels, the more the trapped shorts should cut losses and then reverse to go long. The stop-loss should be set just below 11.2. Now, let's talk about Ethereum. Currently, the heaviest selling pressure on Ethereum is between 3070-3180. I don't see it going very far this time around; hitting 4000 would be a huge stretch, and breaking new highs is even more unrealistic. The next bull market will be the highlight for the second-largest cryptocurrency, while this round mainly serves to consolidate and shake out positions. Regarding the previous market views, I had been watching the range of 9.3-9.6, but the main players chose to break upwards, which caught me off guard. Since the structure has formed, let's go with the trend. As mentioned, as long as it stays above 11.2, I will remain bullish unless it falls back below 11.2. Otherwise, the focus should be on going long. It's time to shift the mindset if necessary. Additionally, regarding altcoins, many are still at the bottom and haven't started moving. For those who want to buy, a small amount can be purchased. Of course, I definitely won't chase the prices of the leading cryptocurrencies. You can selectively buy some other mainstream coins. Simultaneously, take a profit on the leading cryptocurrency when it reaches around 130,000, clearing out a large portion of the position. If signs of a peak appear, clear out to escape and reverse to long-term shorts when the market turns bearish. That's all for today. I've been busy for the past few days and haven't updated. Today, I've clarified all my thoughts.
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Summary:
$BTC First, let's talk about the big picture. The daily line has closed completely above 11.2. The bullish structure on the daily line continues to rise. The movement from 9.81 marks the last segment of this bull market, while the segment from 10.74 to 11.88 represents a 4-hour breakout. Both volume and price are rising, and the momentum has not reversed, indicating that the price has not finished rising. As long as the price maintains above 11.2, it will continue to rise, targeting 13.25-13.5. With every rise, there comes a fall. For those wanting to short, try it on the right side each time, with stop-loss at previous highs. Currently, as long as the price stays above 11.2, the main strategy should be to go long on pullbacks. Shorts can wait for a top formation before entering. It is quite likely that a bullish continuation will be built in the 4-hour timeframe here. Once the continuation is complete, further 4-hour breakouts will follow. The support levels for the continuation are 11.4, 11.3, and 11.2. The closer we get to these levels, the more the trapped shorts should cut losses and then reverse to go long. The stop-loss should be set just below 11.2. Now, let's talk about Ethereum. Currently, the heaviest selling pressure on Ethereum is between 3070-3180. I don't see it going very far this time around; hitting 4000 would be a huge stretch, and breaking new highs is even more unrealistic. The next bull market will be the highlight for the second-largest cryptocurrency, while this round mainly serves to consolidate and shake out positions. Regarding the previous market views, I had been watching the range of 9.3-9.6, but the main players chose to break upwards, which caught me off guard. Since the structure has formed, let's go with the trend. As mentioned, as long as it stays above 11.2, I will remain bullish unless it falls back below 11.2. Otherwise, the focus should be on going long. It's time to shift the mindset if necessary. Additionally, regarding altcoins, many are still at the bottom and haven't started moving. For those who want to buy, a small amount can be purchased. Of course, I definitely won't chase the prices of the leading cryptocurrencies. You can selectively buy some other mainstream coins. Simultaneously, take a profit on the leading cryptocurrency when it reaches around 130,000, clearing out a large portion of the position. If signs of a peak appear, clear out to escape and reverse to long-term shorts when the market turns bearish. That's all for today. I've been busy for the past few days and haven't updated. Today, I've clarified all my thoughts.
Bringing you the latest market analysis and precise entry points every day. Fee discount code from Fei Jie: 1039059887
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