๐July 28th Afternoon Market Views.๐
$BTC Views:
The major currency has finally moved and successfully broke through 118515. As long as it stabilizes above 118515, you will see the major currency reach 120,000 again.
The major currency broke through 119561 with volume, and the hourly closing price is above 119561. Short on the right side, with a stop-loss if it breaks.
If it breaks below 118982 with volume and fails to recover, short on the right side, and set a stop-loss if it recovers. Pay attention to volume changes and keep a good stop-loss.
If there is a false breakdown at 118515, add one more long position. Set a stop-loss at the false breakdown low or if it breaks 117763; do not go long if it cannot recover.
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The major currency has stabilized above 119513, looking upward to 120576-121191. If it stabilizes above 119513, the major currency will take off.
When shorting the major currency, pay attention to the upper level at 121191 for a 2b false breakout; short lightly. If it stabilizes above 122029, set a stop-loss.
Conservative players wait for: long at 116578, with a stop-loss if it breaks below 115786.
Speaking with charts: The major currency has already broken through the central axis of the 2-hour level box. As long as it retraces without breaking the central axis of the box, the major currency will continue to surge upward. If it breaks the upper boundary of the box, refer to the position indicated by the left-side white arrow. If it retraces and breaks the central axis of the box, the major currency will continue to oscillate within the box drawn in the chart. When it can break through again is uncertain, but as long as it doesn't break the lower boundary of the box, there shouldn't be too many issues.
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Upper resistance: 119513-120576-122029
Lower support: 118563-117165-116339
At the 4-hour level, if it breaks below 118722, look down to 117271-116390. If it doesn't break below 117271, the bullish momentum of the major currency is still very strong.
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$ETH Thoughts:
The second major currency broke through 3887 with volume; short on the right side and set a stop-loss.
If it breaks below 3805 with volume, short on the right side, and set a good stop-loss.
If it retraces to 3754, confirm that support is effective by adding one more long position; set a stop-loss if it breaks below 3721.
At the hourly level, if the second major currency breaks 3868, continue to look up to 3921-3987-4030; the long-awaited 4000 is here.
Pay attention to short at 3987; set a stop-loss if it breaks 4030.
Left-side orders: long at 3679, with a stop-loss if it breaks 3632.
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Upper resistance: 3921-3987-4030
Lower support: 3816-3750-3710
At the 4-hour level, if it breaks below 3801, look down to 3749-3690.
Continuing to view the chart: It seems that the second major currency is starting to form a head-and-shoulders pattern; currently in the head phase.
If the second major currency completes the head phase of the head-and-shoulders pattern, you will see the second major currency at 3500 again. Meeting adjourned.
$BTC
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