$BTC How will the market trend next 07.18
✅ After breaking the high, Bitcoin is either in a consolidation phase or a slight upward trend, with market capitalization decreasing. Ethereum is leading the way. Some are still asking when the altcoin season will come; it has quietly arrived while you were asking. Therefore, currently, shorts can only be placed on Bitcoin, and Ethereum's altcoins cannot be shorted. When Ethereum consolidates, other altcoins will also surge.
✅ Once this wave of altcoins has played out, Bitcoin will have one final rally before entering a high-risk bull tail zone.
✅ Currently, Bitcoin is consolidating upwards on the 4-hour chart, with a bullish structure on the 1-hour chart. It may touch the major resistance I previously mentioned at 121700-122700. If it breaks this level, the new high at 123300 may not hold, leading to 130,000. However, if this happens, the market will move too quickly and won't align with market trends.
$ETH Ethereum—do not short Ethereum. Currently, 3540 is the first resistance, with the next resistance at 3680-3713. No wonder it's the leader of altcoins; it's powerful. I still have 25% of my position, with profit-taking set at 4030.