Market Analysis 0715, Adjusting!
Hello everyone, I am Yu Dong
BTC:
Looking at the 4-hour chart, BTC is currently around $117k (as shown in the chart), having completed a breakout structure, and the trend remains bullish; $116k–$117k is the previous OB area, also the FVG replenishment zone. If it retraces to this area, and if quickly absorbed and rebounds, it will form a safe entry point. From a short-term perspective, if the 1-hour candlestick breaks below this area and does not stabilize, the next structural low point will be around $114k–$115k; conversely, if it breaks above $120k, the trend will continue to rise.
ETH:
ETH is currently around $2,970, having declined from $2980, looking bearish in the short term. As long as it does not break below $2900 to form a mid-term Choch, the upward trend will continue; the current range is at the previous FVG area, waiting for the replenishment to be completed and confirmed. If it can also increase in volume, it will be a better entry opportunity, aiming for around $3300 above. If it breaks out with a long bullish candle, we can see $3600.