The market on Monday faced downward pressure after peaking at 109684 in the early morning hours, gradually declining throughout the day. It has currently dropped to a low of 107750, erasing all gains.
Ethereum's movement has been consistent, with pressure from the early morning high of 2607, experiencing a volatile decline throughout the day. It has now slowed down after reaching a low of 2505, similarly erasing all gains from Sunday night and early Monday. The overall trend shows an initial rise followed by a decline, forming a wide oscillating pattern.
Points: Buy Bitcoin near 107000, with an initial target of 109700.
Buy Ethereum near 2500, with an initial target of 2610 #CryptoMarket
The two-pancake strategy still hits accurately. While you are still hesitating, those who followed Brother Chen's strategy have already started enjoying the benefits #币圈
Evening Thought on 7.7 Two Cakes Two cakes encountered strong resistance at the 2600 position and were strongly suppressed by bears, resulting in a downward close. The intraday rebound was weak, making it difficult to break through the upper Bollinger Band pressure, with multiple attempts to attack the 2590 level failing. On the technical side, although the middle band of the Bollinger Bands provides support, the bullish momentum is weak and struggles to withstand the bearish pressure. In the short term, achieving an upward breakout is quite challenging, and the overall trend faces strong resistance, with the upward trend yet to open up.
Level: Short around 2580 on the rebound, looking down to around 2540 #币圈
The support below SOL today is at 149, 147. A one-hour candle breaking below 146.5 would indicate the end of this upward movement. After breaking below, long positions can be manually exited. The resistance above is at 155, 157.8
You can consider shorting near 153, with a target around 150 #sol板块
The morning alert of 109,700 short position, currently a short-term drop of 1,000 points. Those who are cautious may exit, or they can reduce their positions and continue to look for 107,000.