🥷🏻July 20 noon market view. 🥷🏻
$BTC view:
Big cake breaks through 118118 with volume, the hourly level entity closing price closes above 118118, chase the rebound on the right side, and stop loss when it breaks.
117617 breaks through with volume and cannot be recovered from the rebound, chase the short on the right side, recover the stop loss, pay attention to the change of volume, and set a good stop loss.
116875 has a false break and recovers one more hand, the low point of the false break or the break of 115737 stop loss, do not recover more.
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Big cake hourly level 118352 breaks through and stabilizes, looking up to 118958-119610, and it is not expected to be too high on the weekend.
When shorting big cake, pay attention to the 2b false break above 119610, and stop loss at 120635 when it breaks and stabilizes.
Steady players, etc.: Buy at 113720, stop loss if it falls below 112996.
The hourly level of the big cake is in a wedge pattern. Before breaking through the wedge pattern, the big cake cannot rise even if it wants to rise. Moreover, there is a small resistance level of 118355 inside the wedge. If you want to rise, you must first break through 118355 and then break through the upper boundary of the wedge pattern before you can start to rise.
If you don’t break through the upper and lower boundaries of the wedge, then continue to fluctuate inside the wedge! Only when you reach the end of the wedge will you choose a direction. Look at the position circled in the yellow box below. Although the volume of the decline is not large, there is always some volume. Do you think there is volume in the rise? It has been rising with shrinking volume. I hope my daily analysis charts can be helpful to you.
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Pressure above 118355-119610-120635
Support below 117184-116291-115198
If the 4-hour level 117180 falls below, look down to 116175-115171. If there is a position on the weekend, you can do it. If there is no position, take a good rest.
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$ETH Idea:
The second cake breaks through 3614 with volume and chases more on the right side, and withdraws the stop loss.
3596 breaks through the right side with volume and chases short, with a good stop loss.
Retracing back to 3527 to confirm that the support is valid, buy one more lot, and stop loss if it falls below 3492.
The hourly level of the second cake stands at 2627 and looks up to 3642-3677.
Pay attention to 3694 above the second cake and give one short lot, break through 3740 and stop loss.
Left side order: 3422 long, break through 3398 and stop loss.
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Upper pressure 3627-3642-3677
Lower support 3538-3507-3477
4-hour level falls below 3580 and looks down to 3538-3473. The second cake cannot break through the box drawn in the figure and cannot continue to rise. Pay attention to this box. If it breaks through the box, you can chase more. If it does not break through, don't move. The meeting is over.