A new week, with a good start, the days ahead will go smoothly!
Recently, we have secured 1,200 of the big pancake and 60 of the aunt's specialty, which can be considered a good appetizer!
7.21 Morning Thoughts
Yesterday early morning, the market experienced a pullback, with the price of Bitcoin (Big Pie) dropping to a low of 116370, after which it rebounded from the bottom and is currently fluctuating around 117200. Ethereum (Auntie) also experienced a wave of adjustment, hitting a low of 3680 support before stopping its decline and rising again.
From a technical analysis perspective, Bitcoin has been fluctuating between key support and resistance levels recently, forming a clear consolidation range. The 4-hour candlestick chart shows signs of bottoming out, and in terms of the Bollinger Bands indicator, it is currently testing the lower support. Therefore, the bullish outlook is maintained for the morning.
Bitcoin trading strategy: Buy on pullbacks around 116000-116750, targeting 118550.
Ethereum trading strategy: Buy on pullbacks around 3685-3710, targeting 3830.
Yesterday early morning, the market experienced a pullback, with the price of Bitcoin (Big Pie) dropping to a low of 116370, after which it rebounded from the bottom and is currently fluctuating around 117200. Ethereum (Auntie) also experienced a wave of adjustment, hitting a low of 3680 support before stopping its decline and rising again.
From a technical analysis perspective, Bitcoin has been fluctuating between key support and resistance levels recently, forming a clear consolidation range. The 4-hour candlestick chart shows signs of bottoming out, and in terms of the Bollinger Bands indicator, it is currently testing the lower support. Therefore, the bullish outlook is maintained for the morning.
Bitcoin trading strategy: Buy on pullbacks around 116000-116750, targeting 118550.
Ethereum trading strategy: Buy on pullbacks around 3685-3710, targeting 3830.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
117,360.01
-0.94%
ETH
3,527.9
-4.48%
