7.4 Old Veteran Talks Coins: BTC, ETH Future Trend Predictions

Market Review and Analysis

BTC's surge yesterday was quite strong, and ETH also made a rebound, just like I recorded a half-hour explanation in my video yesterday. Many people are definitely looking for a rise to 120,000-130,000 again. I think that’s normal because we’ve seen it reach 110,000 multiple times since we cleared our positions, waiting for more than a month. Although we did reach the ETH 2000-2200 range in between, we still did not enter the market. I have emphasized that it is not about getting a lower price; it is just to ensure that the subsequent market can be more stable before entering. Since everyone has experienced 110,000 a few times, consider whether it’s unwise to chase the rise now and what the risks of chasing are. I don't want to emphasize this repeatedly, as it holds no significance. For now, we will choose to wait; the rest is up to everyone.

Today's Key Points Interpretation

BTC's market created an upward channel at the end of May, and it is now in a range of fluctuations at a high point. This high point has a large amplitude of fluctuations. Yesterday, it closed with a small bullish candlestick, once again touching the 110,000 mark, but it has not stabilized at this key position. There is currently no selling pressure above, but remember, no selling pressure does not mean there will be a large influx of funds buying at this price, as the current price is relatively high. So don’t treat institutions as fools. On an intraday level, you can pay attention to the first line of support at the 106,000-107,000 range. Once this wave breaks below 106,000, we could directly see the 102,000-103,000 range or even break below the 100,000 mark. The target for this drop from 110,000 is overall in the 92,000-96,000 range.

ETH's market did indeed make a genuine rebound yesterday, reaching around 2630 at its peak. However, in the past two days, it is estimated that the second coin will continue to be strong. We have to wait for the big coin to drop before the second coin is driven down. For the second coin, we are still looking at the 2000-2200 range. First, pay attention to the current support level around 2520-2450. Second, look at the support level at the 2280-2320 range.