⛳ July 16 Market View. ⛳
$BTC Viewpoint:
The main coin has broken through with volume at 118204, with the hourly closing price above 118204 for right-side buying. Stop-loss on break.
If it drops below 117585 with volume and cannot recover, pursue shorts on the right side, with a stop-loss on recovery. Pay attention to changes in volume and maintain stop-losses.
At 116507, if a false break occurs and then recovers, add a small position for longs. If it breaks below 115222, stop-loss; do not add more if it cannot recover.
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The main coin has broken through and stabilized at 118455, looking upwards at 119599-120544. If it cannot stabilize above 118455, it cannot look upwards.
For shorting the main coin, pay attention to a 2b false breakout at 119599 for a short position, with a stop-loss if it stabilizes above 120544.
Conservative players wait: buy at 113795, with a stop-loss if it breaks below 113017.
Last night, the main coin pulled back to the 4-hour EMA 50-day moving average for support and rebounded upwards. Now it is again hindered by the 4-hour EMA 20-day moving average. Without breaking through the EMA 20-day moving average, the main coin cannot continue to rise. It can only rise smoothly after breaking through the 4-hour EMA 20-day moving average; otherwise, it will continue to oscillate between the EMA 20-day and EMA 50-day moving averages. This is the moving average strategy.
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Upper pressure levels: 118455-119599-120544
Lower support levels: 116317-115670-115123
If the 4-hour level breaks below 116352, look down to 115197-113780; if it does not break below 115197, nothing happens.
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$ETH Thought:
The secondary coin has broken through 3146 with volume for right-side buying, with a stop-loss on recovery.
If it drops below 3105 with volume, pursue shorts with a stop-loss.
Pull back to 3029 to confirm effective support for an additional long position, with a stop-loss if it breaks below 3002.
The secondary coin has stabilized at 3144 on the hourly level, looking upwards at 3200-3256. There is also a gap at 3250; it is uncertain whether it will fill it.
Watch for a short position at 3256 above; with a stop-loss if it breaks above 3300.
Left-side order: buy at 2966, with a stop-loss if it breaks below 2930.
⛳
Upper pressure levels: 3144-3200-3256
Lower support levels: 3070-3030-2995
If the 4-hour level breaks below 3068, look down to 3029-2980.
After breaking through the triangle consolidation area on the hourly level of the secondary coin, it confirmed effective support on the pullback and continued to rise. Again, it broke through the box and confirmed effective support on the upper boundary of the box on the pullback, continuing to rise, and all the highs and lows on the hourly level of the secondary coin are increasing. What is your reason for shorting? Is it simply because you feel the secondary coin was weak before, so you want to short? Without charts, how do you trade? I trade based on charts; that's how I do it. The meeting is adjourned.