Right and wrong lie within one's own thoughts. BTC will reveal the answer tonight: will it continue to pull back in the 105-108 range for the next stage, or will it reverse from the current price of 112 and attempt new highs?

Yesterday, our bears wanted to switch directions and join the bulls, but ended up facing a closed door. Fortunately, last night ETH was quite strong; the stop loss at 419 was not hit, and it went up directly.

Currently, the EMA indicators show that we are still in a pullback trend. For the four-hour level, the price must hold above 1135, and for the daily line above 1155, to have a chance to test historical new highs. The charts show that both the daily and four-hour have formed an M-top. As long as the price holds below 112, 106 really could be reached!

In the current situation, both bulls and bears must be defensive. Do not make one mistake after another; if the price comes back, you might not have a position left. Remember! #美联储7月会议纪要