👒July 14th Market Opinion: 👒
$BTC Opinion:
Bitcoin has broken through with volume at 119159; the hour-level closing price is above 119159, go long on the right side, stop loss if it breaks.
118942 has broken down with volume and failed to recover; go short on the right side, stop loss if it recovers, pay attention to volume changes, and maintain a good stop loss.
At 117649, there is a false breakdown; recover with a light long position. If it breaks below 116918, stop loss; if it doesn't recover, don’t go long.
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Bitcoin's hourly level has broken through 119460 and is stable; look upwards to 120669-121321. Currently, there are no reference points above Bitcoin.
When shorting Bitcoin, be cautious of a 2b false breakout at 120669, go short one position, stop loss if it stabilizes above 121321; a breakthrough must have a stop loss.
Conservative players wait for: long at 116301, stop loss if it breaks 115670.
Although Bitcoin's hourly level has once again reached a historical high, the closing price has not settled above 119600, and there have been three consecutive upward spikes. Is it aiming for a three-spike top route?
This indicates significant selling pressure at 119600. If this level cannot be broken and stabilized, it will become a short-term resistance. Pay attention to the trend line indicated by the white arrow below; it should not break. Once it breaks, refer to the white box on the left showing a bullish candlestick; the rapid drop will be even quicker because there isn't much accumulation of chips in this candlestick.
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Upper pressure: 119460-120669-121321
Lower support: 118880-118240-116960
At the 4-hour level, 118207 has broken down, looking downward to 117039-115620. Why is there such significant selling pressure at 119600? If you went long from around 100,000 and it immediately went to 120,000, wouldn’t you run? Only fools don’t run.
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$ETH Thought:
The second Bitcoin has broken through 3008 with volume; go long on the right side, stop loss if it recovers.
2971 has broken down with volume; go short on the right side, maintain a good stop loss.
Pullback to 2931 confirms effective support; go long one position, stop loss if it breaks 2900.
The second Bitcoin's hourly level has broken through 3010, looking upwards to 3050-3089.
Pay attention to the upper level at 3050 to go short one position, stop loss if it breaks 3089.
Left side orders: long at 2879, stop loss if it breaks 2838.
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Upper pressure: 3010-3050-3089
Lower support: 2960-2931-2913
At the 4-hour level, 2943 has broken down, looking downward to 2917-2880.
Currently, the second Bitcoin's hourly level is moving within the box drawn in the chart; it will oscillate within the box until it breaks out or down before the second Bitcoin shows direction. Meeting adjourned.
