7.22 Digital Currency Strategy: Biden Withdrew from the Election!

Digital Currency

At 2 o'clock last night, the United States received news that Biden withdrew from the election! Then Trump's election as the next president is almost certain. Bitcoin has been pulled up. At present, the overall market is still in an upward trend, but it has entered a dense range of high-level chips. We need to carefully observe the market

Strategy copying is updated daily, plus 417 pen 795 goose 924

BTC

BTC daily level reached the second pressure level mentioned in Friday's strategy. From the daily level, the 67500-71500 range has sealed a lot of locked plates. This round of rise has not completely released all the locked plates because of the fast speed. Facing the pressure from above, I personally think that this week should be between 64800-70000, seeking to digest the locked plates above.

From a small-level cycle, BTC has reached the resistance level after continuous rise. Adjustment is a hard demand. At the 30-minute level, we can see that there are actually signs of forced pull-ups due to news, so next we have to start with a small position to try shorting on the left. If the market goes to the right side, then start shorting with a large position.

Today's operation: mainly short orders, increase positions after the right side is formed.

First support: 65706   Second support: 63462

First pressure: 68691   Second pressure: 70550

ETH

The upward trend of Ethereum is weaker than BTC, and the upward momentum is not as good as BTC. It is still on the rise, but it can't keep up with BTC's pull-up action. In addition, the current price encounters the upper resistance level. I personally expect that the short-level trend will turn, so the related concept coins are also weaker than the BTC related concepts. Therefore, short-term ETH short orders may be more rewarding than BTC.

Today's operation: The second brother's reaction is to look at the eldest brother's reaction first. The strength is not enough. It depends on the eldest brother's pace to determine the trend and follow BTC to make orders.

First support: 3395   Second support: 3280

First pressure: 3550   Second pressure: 3620